Agriculture News
Wheat and soybean sales during the week ended March 6 were each above analysts pre-report range. Corn sales rose on the week, while exports reached a marketing-year high.
Weekly corn inspection for the week ended March 6 rose 467,000 MT from the previous week, exceeding analysts’ pre-report range.
Wheat futures are sharply higher with corn following to the upside and beans under light pressure. Cattle futures are mixed with lean hogs working higher to start the week...
Cattle and hog futures posted strong corrective rebounds last week to signal short-term lows.
Wheat firmer, soybeans weaker and corn choppy overnight.
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Corn, soybeans and wheat initially pushed higher in an extension of corrective gains the two previous days during the overnight session but have weakened this morning.
Tariffs uncertainty raises degree of difficulty for our updated monthly and quarterly price outlooks.
Trump’s aggressive tariffs/trade policy stance is creating anxiousness in ag markets.
Weekly exports of upland cotton totaled 334,000 RB during the week ended Feb. 27, while net sales rose 45% to 241,500 RB. Meanwhile, corn and wheat sales were up on the week, while soybean sales slid.
Corn, soybeans and wheat built on Wednesday’s corrective gains during overnight trade.