Agriculture News
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Senate Ag Chair Debbie Stabenow crafting crop insurance plan with tough choices for farmers.
USDA reported weekly export sales of 1.25 MMT during the weekend ended Jan. 11, exceeding the top end pre-report range by 50,000 MT, while wheat sales exceeded expectations by 200,000 MT.
Corn, soybeans and wheat modestly extended Thursday’s corrective gains during the overnight session.
Corn, soybeans and spring wheat contracts traded higher overnight amid light corrective buying, while the winter wheat markets favored the downside.
Basis turns slightly positive for corn and soybeans as cash prices continue to drop.
Corn and soybeans favored the downside in two-sided trade overnight, while the winter wheat markets posted modest corrective gains.
USDA reported weekly export inspections of 1.264 MMT soybeans during the week ended Jan. 11, which rose 224,000 MT from the previous week. Meanwhile, corn and wheat inspections declined on the week.
