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