Latest News From Agriculture News

Weekly corn inspections missed the pre-report range and fell nearly 200,000 MT from the previous week, while wheat fell nearly 90,000 MT and soybeans nearly 190,000 MT.

Short-term trend turns bearish for lean hog futures.

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

A USMCA trade dispute settlement panel rejected a complaint filed by the United States against Canada pertaining to Ottawa's alleged improper limitation of access to its dairy market.

Cash corn and soybean prices drop.

Basis slips a little for corn and soybeans; both weaker than average.

No overnight grain trade. Grain and livestock markets open at 8:30 a.m. CT for an abbreviated session until 12:05 p.m. CT.

Third quarter banker survey notes declining incomes, still low loan demand and rising farmland values.

USDA's Weekly export inspections data showed corn, soybean and wheat inspections within pre-report ranges, though soybean inspections are increasingly falling behind year-ago.

The report data was virtually inline with expectations, which should have little impact on prices Monday.

Access this week's newsletter here.

Grain markets are expected to open weaker this morning after price pressure overnight.

Corn futures were unable to generate followthrough buying overnight after Thursday’s gains, while the soybean and wheat markets extended yesterday’s declines.

Kansas City Federal Reserve highlights district ag credit conditions.

Monthly Rural Mainstreet Index finds record low banker pessimism.

The 90-day forecast from the National Weather Service signals increased chances of above-normal precipitation across most of the key HRW production areas of the Central and Southern Plains through February.

Weekly corn sales in week ended Nov. 9 totaled 1.8 MMT, topping expectations by over 250,000 MT, while soybean sales totaled 3.9 MMT.

Corn, soybeans and wheat faced followthrough selling to Wednesday’s losses during the overnight session.

Corn and soybean basis mildly improved.

Strong weekly gains in cash soybean prices.

Soybeans and soymeal led price gains overnight after high-range closes on Tuesday. Corn and wheat followed to the upside.

The two-step continuing resolution is expected to clear the Senate, pushing the deadline for a full spending measure to January or February.

Soybeans and soymeal led a pullback from Monday’s gains during the overnight session, while corn and wheat saw lighter price pressure.

Both crops remain well above last year's levels.

Weekly soybean inspections in week ended Nov. 9 fell 516,368 MT from the previous week and were shy of the pre-report range of 1.75 to 2.25 MMT.

Short-term trend turns bearish for crude oil.

Soybean futures firmed overnight while the wheat market weakened. Corn was caught in the middle amid light, two-sided trade.

Access this week's newsletter here.

Federal Reserve Bank of Chicago cites survey results from ag bankers.

Corn, soybeans and wheat tried to work higher early in the overnight session, but buyer interest was limited and light pressure ensued.

USDA raised its corn, soybean and cotton crop estimates, pushing up projected ending stocks. Wheat ending stocks also increased.

USDA increased corn yield to 174.9 bu. per acre, bringing production to 15.234 billion bu. Meanwhile, soybean yield was pegged at 49.9 bu., up 0.3 bu. from last month.

Corn sales during week ended Nov. 2 totaled 1.015 MMT for 2023-24, up 36% from the previous week and 4% from the four-week average.

Soybean futures failed to sustain followthrough buying overnight and have turned mostly weaker this morning. Corn and wheat traded lower throughout overnight trade.

Soybean basis improved but remains below average.

Sharp weekly jump in cash soybean prices.

Soybean futures posted strong gains overnight on talk of big Chinese purchases, while corn and wheat followed to the upside.

Higher-than-expected corn and soybean yields in some Corn Belt locations, along with a modest rally in corn prices, contributed to this month’s rise in farmer sentiment.

Soybeans pulled back from recent strong gains amid corrective selling overnight, while corn and wheat also traded lower.

Both crops remain well above year-ago levels.

Weekly corn export inspections outpaced pre-report expectations by 135,000 MT, while wheat inspections missed by over 100,000 MT.

Short-term trend turns bullish for soybeans and lean hog futures.

Soybean futures posted strong gains overnight, which spilled over to corn, while wheat faced light selling pressure.

Access this week's newsletter here.

Corn, soybeans and wheat held in relatively tight ranges while spending time on both side of unchanged during overnight trade.

Updated monthly and quarter price forecasts, including the initial outlook for the second quarter of 2024.

Weekly wheat sales, short of pre-report estimates, were down 24% from the previous week, while corn and soybeans were down 45% and 27%, respectively.

Soybeans traded sharply higher overnight, while corn and most wheat contracts posted milder gains.

Soybean basis weakened on the rollover to the January contract but the cash price firmed.

Fed Chair Jerome Powell left the door open for more rate hikes if needed, but noted 'risk are now more two-side.'