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Weekly soybean sales short of pre-report expectations
Weekly soybean sales short of pre-report expectations

Weekly soybean sales during the week ended March 28 missed the pre-report range, while corn sales landed below 1.0 MMT for the first time since mid-February. Shipments, however, reached a marketing-year high.

First Thing Today | April 4, 2024
First Thing Today | April 4, 2024

Corn, soybeans and wheat posted light, two-sided trade overnight but have adopted a slightly firmer tone this morning.

Midweek Cash Markets | April 3, 2024
Midweek Cash Markets | April 3, 2024

Corn basis firmed despite an uptick in the cash price but remains weaker than average.

Farmer sentiment improves as future expectations strengthen
Farmer sentiment improves as future expectations strengthen

Expectations for lower interest rates fueled the improved sentiment.

First Thing Today | April 3, 2024
First Thing Today | April 3, 2024

Corn, soybeans and wheat firmed amid mild corrective buying during overnight trade.

First Thing Today | April 2, 2024
First Thing Today | April 2, 2024

Corn, soybeans and wheat held in tight ranges during light, two-sided overnight trade.

HRW CCI ratings post big jump from last fall
HRW CCI ratings post big jump from last fall

SRW CCI rating was virtually unchanged over the winter.

Corn, wheat export inspections top pre-report estimates while soybeans miss
Corn, wheat export inspections top pre-report estimates while soybeans miss

Weekly corn and wheat inspections each topped pre-report estimates for the week ended March 28, while soybeans missed the low-end pre-report estimate by 86,000 MT.

Chart Trends | April 1, 2024
Chart Trends | April 1, 2024

Short-term trend turns up for corn and wheat.

First Thing Today | April 1, 2024
First Thing Today | April 1, 2024

Soybeans posted solid gains amid corrective buying overnight, while corn and wheat futures pulled back from last Thursday’s gains.

H&P Report negative compared to pre-report expectations
H&P Report negative compared to pre-report expectations

Nearly every category topped the average pre-report estimates.

PF Report Reaction: Bullish USDA data for corn
PF Report Reaction: Bullish USDA data for corn

Corn planting intentions and March 1 stocks came in lower than expected.

Report Snapshot: USDA shows lighter-than-expected corn acres and stocks
Report Snapshot: USDA shows lighter-than-expected corn acres and stocks

USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.

Weekly wheat sales exceed expectations, while soybeans miss
Weekly wheat sales exceed expectations, while soybeans miss

Weekly wheat sales were just above the pre-report range for the week ended March 21, while soybean sales missed the expected range by 36,000 MT. Corn sales held steady at 1.21 MMT.

First Thing Today | March 28, 2024
First Thing Today | March 28, 2024

Corn, soybeans and wheat traded in narrow ranges during the overnight session ahead of USDA’s reports later this morning.

Market Watch | March 27, 2024
Market Watch | March 27, 2024

Cash cattle prices soar to all-time high.

First Thing Today | March 27, 2024
First Thing Today | March 27, 2024

Corn, soybeans and wheat extended Tuesday’s losses during the overnight session.

Midweek Cash Markets | March 26, 2024
Midweek Cash Markets | March 26, 2024

Corn and soybean basis firmed a little as cash prices weakened.

First Thing Today | March 26, 2024
First Thing Today | March 26, 2024

Corn, soybeans and wheat faced mild price pressure during a relatively quiet overnight session.

HRW wheat conditions continue to improve in March
HRW wheat conditions continue to improve in March

State-level winter wheat condition ratings signaled more general improvement in the HRW crop over the past month, despite a minor downtick in top producer Kansas.

Dairy cow disease tied to HPAI
Dairy cow disease tied to HPAI

USDA says a small number of dairy herds in Texas and Kansas tested positive for a strain of highly pathogenic avian influenza (HPAI).

February frozen meat stocks signal strong demand
February frozen meat stocks signal strong demand

Frozen pork stocks declined contra-seasonally during February, while beef inventories fell more than average.

Weekly corn inspections remain solid
Weekly corn inspections remain solid

Corn inspections during the week ended March 21 totaled 1.228 MMT, down nearly 100,000 MT on the week but more than double the same week a year-ago. Meanwhile, soybean inspections rose 68,000 MT on the week.

Monday Morning Wake Up Call | March 25, 2024
Monday Morning Wake Up Call | March 25, 2024

Grain futures are mildly firmer to open the week. Cattle futures are under pressure from last Friday's Cattle on Feed Report.

Chart Trends | March 25, 2024
Chart Trends | March 25, 2024

Short-term trend turns bearish for cotton.

First Thing Today | March 25, 2024
First Thing Today | March 25, 2024

Corn and soybean futures swung to both sides of unchanged during the overnight session, while wheat favored the upside.

First Thing Today | March 22, 2024
First Thing Today | March 22, 2024

Soybean futures posted sharp losses overnight, while corn and wheat traded mildly lower.

bank-hastings
Rural Mainstreet Economy Weakest Since June 2020

Creighton University's monthly survey finds negative outlook by bankers deepening but farmland values holding stable.

Survey Finds Illinois Land Prices Holding Steady-to-Up
Survey Finds Illinois Land Prices Holding Steady-to-Up

Annual report from Illinois Society of Professional Farm Managers and Rural Appraisers.

Upper Midwest will remain area of concern through spring
Upper Midwest will remain area of concern through spring

The Seasonal Drought Outlook calls for drought to persist across much of Iowa, Minnesota and Wisconsin through June.

Weekly wheat sales forge new marketing-year low
Weekly wheat sales forge new marketing-year low

Weekly wheat sales were reported at (109,600) MT for the week ended March 14, which were down noticeably from the previous week. Corn and soybean sales were as expected.

First Thing Today | March 21, 2024
First Thing Today | March 21, 2024

Soybeans posted followthrough buying to Wednesday’s strong gains during overnight trade, while corn and wheat mildly favored the upside.

Market Watch | March 21, 2024
Market Watch | March 21, 2024

Cash cattle prices nearing their record high posted in summer 2023.

Midweek Cash Markets | March 20, 2024
Midweek Cash Markets | March 20, 2024

Cash hogs continue the seasonal price climb.

Fed still expects three rate cuts in 2024, but there's a twist
Fed still expects three rate cuts in 2024, but there's a twist

Most Fed officials expect three rate cuts this year, but fewer committee members anticipate more than three reductions.

First Thing Today | March 20, 2024
First Thing Today | March 20, 2024

Soybean futures reversed losses from the past two days during overnight trade, while corn and wheat faced price pressure.

First Thing Today | March 19, 2024
First Thing Today | March 19, 2024

Corn, soybeans and wheat held in tight ranges during quiet, two-sided overnight trade.

Weekly wheat and soybean inspections drop on the week; corn holds steady
Weekly wheat and soybean inspections drop on the week; corn holds steady

Weekly wheat and soybean inspections during the week ended March 14 fell 164,665 MT and 98,672 MT, respectively, from the previous week. Meanwhile, corn inspections rose nearly 73,000 MT.

Chart Trends | March 18, 2024
Chart Trends | March 18, 2024

Short-term trend turns bearish in SRW wheat.

First Thing Today | March 18, 2024
First Thing Today | March 18, 2024

Corn and wheat futures posted mild gains amid corrective buying overnight, while soybeans weakened following earlier strength.

First Thing Today | March 15, 2024
First Thing Today | March 15, 2024

Corn, soybean and wheat futures held in relatively tight ranges during light, two-sided trade overnight.

Market Watch | March 14, 2024
Market Watch | March 14, 2024

Cash corn and soybean prices rise.

IGC expects record global grain, soybean production in 2024
IGC expects record global grain, soybean production in 2024

The International Grains Council released its initial projections for 2024-25

Weekly corn sales rise on the week
Weekly corn sales rise on the week

Weekly corn sales during the week ended March 7 totaled 1.28 MMT, up 16% from the previous week, while soybean and wheat sales each faded, down 39% and 69%, respectively. Wheat sales were at a marketing-year low.

First Thing Today | March 14, 2024
First Thing Today | March 14, 2024

Soybeans extended their recent corrective gains during the overnight session, while wheat traded lower and corn favored the downside in two-sided trade.

Midweek Cash Markets | March 13, 2024
Midweek Cash Markets | March 13, 2024

Basis slipped a little for corn, soybeans and SRW wheat as cash prices firmed.

First Thing Today | March 13, 2024
First Thing Today | March 13, 2024

Soybean futures retreated from Tuesday’s gains during overnight trade, while the corn and wheat markets have weakened after two-sided price action earlier in the session.