Agriculture News
The Current Conditions Index for December was 112, while the Future Expectations Index was 115, both down one point from the previous month.
The increase in beef stocks was about average during November.
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Corn, soybeans and wheat modestly favored the upside, while holding in tight trading ranges during a quiet overnight session.
The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.
The RMI below growth neutral for fourth consecutive month.
Pork export sales for 2023 and 2024 were strong and weekly shipments were a high for the year.
Corn, soybeans and wheat traded in narrow ranges during the overnight session.
Basis firmed for soybeans and is now positive.
Corn, soybean and wheat futures traded narrowly on either side of unchanged during quiet overnight price action.