Agriculture News
Short-term trend turns up for several markets, including corn, soyoil, SRW wheat and live cattle.
No overnight grain trade. Grain and livestock markets will reopen at 8:30 a.m. CT following the extended holiday weekend.
The Dec. 1 hog herd fell 1.8% from year-ago and was 210,000 head less than the average pre-report estimate implied.
The Dec. 1 feedlot inventory fell 2.6% from year-ago, the third straight month with a year-over-year decline.
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Corn, soybeans and wheat firmed after trading lower early in the overnight and are near their highs this morning.
Export sales data for week ended Dec. 15 showed soybeans falling short of expectations by 64,000 MT, with corn and wheat both low range. Cotton export sales reflected a nearly 90,000 RB net reduction for the week.
Corn, soybean and wheat futures held in tight ranges in a lightly traded overnight session.
Boxed beef prices surged over the past week.
Corn, soybeans and wheat opened lower overnight but firmed through the session and are higher this morning.
Corn and soybeans firmed amid mild corrective buying during a lightly traded overnight session. Wheat traded mostly firmer.
Export inspections for week ended Dec. 15 proved mid-range for corn, while soybeans and wheat landed towards the lower end of pre-report expectations.
Short-term trend turns bearish for lean hog futures.
Corn and soybean futures faced pressure overnight after weekend rains fell on some dry areas of South America, while wheat showed a mixed tone.
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Corn and soybeans are weaker this morning after two-sided price action overnight, while wheat futures are mostly firmer.
Big weekly gains in cash grain and soybean prices.
Rural Mainstreet Index registers sight decline in optimism on farmland and ag equipment.
Weekly export data for week ended Dec. 8 showed corn topping expectations by nearly 60,000 MT, with wheat nearly 120,000 MT above the top-end range. Soybean export sales breached the top-end range by 943,000 MT.