Agriculture News
Creighton University’s monthly survey finds negative outlook by bankers deepening but farmland values holding stable.
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.
Corn and wheat futures posted mild gains amid corrective buying overnight, while soybeans weakened following earlier strength.
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Corn, soybean and wheat futures held in relatively tight ranges during light, two-sided trade overnight.
The International Grains Council released its initial projections for 2024-25
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.
Soybeans extended their recent corrective gains during the overnight session, while wheat traded lower and corn favored the downside in two-sided trade.
Basis slipped a little for corn, soybeans and SRW wheat as cash prices firmed.