The first USDA crop production estimates based on farmer surveys shows big changes in the corn balance sheet, a season-average price raise for cotton and a reduction in the total meat production forecast for 2021.

Rice future hit 5-week high after sales to Iraq. Cotton regains some pricing strength, while hot weather in the corn belt create challenges for record corn crop.

Red meat and poultry production forecast lowered, solid ratings for rice crop and soybean futures trend higher.

USDA released their acreage report last week. Overall in Arkansas, there was an acreage shift out of high-input crops like rice and cotton and into corn and soybeans as the price ratios have made those crops more attractive to farmers.

Cattle futures recover, hog futures fall and Arkansas rice and soybean crops hit by flood damage.

A higher forecast beef, broiler, and turkey production, milk production forecast raised, selling pressures for rice and more.