Agriculture News
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.
Soybean futures posted sharp losses overnight, while corn and wheat traded mildly lower.
Creighton University’s monthly survey finds negative outlook by bankers deepening but farmland values holding stable.
The Seasonal Drought Outlook calls for drought to persist across much of Iowa, Minnesota and Wisconsin through June.
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.
Soybeans posted followthrough buying to Wednesday’s strong gains during overnight trade, while corn and wheat mildly favored the upside.
Cash cattle prices nearing their record high posted in summer 2023.
Most Fed officials expect three rate cuts this year, but fewer committee members anticipate more than three reductions.
Soybean futures reversed losses from the past two days during overnight trade, while corn and wheat faced price pressure.
Corn, soybeans and wheat held in tight ranges during quiet, two-sided overnight trade.