Latest News From Agriculture News

Soybeans extended Monday’s declines overnight, while corn and wheat pulled back from yesterday’s gains.

Weekly corn inspections totaled 1.122 MMT during the week ended March 7, down slightly from the previous week, but near the top end of the pre-report range. Soybean inspections fell notably on the week.

Short-term trends turn sideways for corn, soybeans, soymeal and soyoil.

Corn, soybeans and wheat pulled back from Friday’s corrective gains during the overnight session.

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Domestic ending stocks were unchanged for corn and soybeans, higher for wheat and lower for cotton.

Corn and soybean ending stocks were unchanged from February, while wheat ending stocks rose 15 million bu. However, global corn and wheat ending stocks were lower than pre-report estimates; soybeans were as expected.

Grain trade was light overnight ahead of USDA’s March crop reports later this morning.

Our updated monthly and quarterly price forecasts.

February’s Farm Financial Performance Index reading of 85 was 1 point lower than January and 13 points below its most recent peak in December.

Soyoil sales for the week ended Feb. 29 reached a marketing-year high of 29,200 MT, while soybean sales landed above pre-report estimates. Meanwhile, corn and wheat sales were within their respective pre-report ranges.

Corn futures built on Wednesday’s gains overnight, while soybeans and wheat also firmed amid corrective buying.

Corn and soybean basis weakens on the rollover to May futures.

Wheat futures faced followthrough selling during the overnight session, while corn and soybeans held near unchanged in quiet trade.

Corn, soybean and wheat futures pulled back from Monday’s price gains during the overnight session.

Corn, soybean and wheat weekly export inspections during the week ended Feb. 29 each fell from the previous week, though all were within pre-report expectations.

Short-term trend turns sideways for cotton.

Corn and soybeans traded higher amid corrective buying overnight, while the winter wheat markets favored the downside and spring wheat was mixed.

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Soybean futures posted corrective gains overnight, while the corn and wheat markets favored the downside in light trade.

Weekly cotton sales during the week ended Feb. 22 were down 69% from the previous week and 83% from the four-week average. Meanwhile, corn, soybean and wheat sales each rose week-over-week.

Corn and soybeans favored the downside and are near session lows this morning, while wheat is mostly weaker.

Cash corn and soybean prices continue to drop.

Basis firms for both corn and soybeans but remains slightly below average.

Corn and soybeans are trading near unchanged this morning after light two-sided trade overnight, while wheat futures have weakened.

HRW crop continues to rebound from a rough start last fall.

Soybeans firmed amid followthrough buying overnight, while corn and wheat mildly favored the upside is light trade.

Weekly corn inspections during the week ended Feb. 22 totaled 1.242 MMT, exceeding the pre-report range by over 91,000 MT and rose nearly 190,000 MT from the previous week.

No changes to the short-term chart trends this week.

Corn, soybeans and wheat traded lower overnight, with nearby corn and soybeans falling to new contract lows.

Placements declined from year-ago levels for a third straight month – a trend that will continue.

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Net soybean sales during the week ended Feb. 15 were down 84% from the previous week, while weekly corn and wheat sales were down 37% and 33%, respectively.

Corn, soybeans and wheat firmed amid corrective buying during the overnight session.

Wheat futures led a round of corrective buying in the grain markets during overnight trade.

Central Illinois cash corn price below $4.00 for first time since October 2020.

Cash hog prices gained strength in the seasonal rebound.

Fed fund futures continued to reflect the greatest odds for a Fed rate cut starting in June, with three or perhaps four reductions by year-end.

Tuesday’s corrective buying in the grain and soy markets dried up overnight, as corn, soybeans and wheat faced price pressure.

Weekly corn inspections during the week ended Feb. 15 rose a modest 26,000 MT, while soybean and wheat inspections declined on the week.

No changes to short-term trends for grain and livestock markets.

Soybeans built on last Friday’s gains during overnight trade, while corn and wheat followed to the upside amid corrective buying.

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Corn and soybeans posted corrective gains overnight, while wheat faced followthrough selling.

Monthly survey of rural bankers finds growing pessimism.

The extended forecast suggests spring planting should advance rather rapidly and favors early crop development.

Weekly soymeal sales totaled 203,400 MT during the week ended Feb. 8, missing the pre-report range, while corn sales held steady at 1.31 MMT. Wheat and soybean sales were near the low-end of pre-report estimates.

The initial projections are based on the January WASDE Report. These are USDA’s current best guesstimates. A lot can (and will) change.

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

Cash grain prices continue to fall; sharply below year-ago.