Agriculture News
Corn, soybean and wheat futures held within Tuesday’s price ranges overnight in relatively quiet trade that has markets trading higher and near session highs this morning.
USDA’s Cattle on Feed Report Friday afternoon is expected to show March 1 inventories up 1.1% from year-ago levels, which if realized would top last year’s record for the date by 132,000 head.
Possible U.S. food (likely wheat) donation to Ukraine could be a part of President Joe Biden’s trip to Europe.
Global supply concerns amid the ongoing war between Russia and Ukraine fueled active followthrough buying in grain and soy markets overnight, led by winter wheat.
Annual ISPFMRA survey finds Excellent-quality farmland soaring 26%.
Corn, wheat, soybean inspections within trade expectations
Short-term trend turns bullish for live cattle, feeder cattle and cotton.
Bulls controlled overnight trade in the grain and soy complex amid global supply concerns as Russia’s invasion of Ukraine is showing no signs of letting up or ending anytime soon.
Pro Farmer/Doane planting intentions survey results
Access this week’s Newsletter here...
Wheat futures pulled back from yesterday’s gains overnight as back-and-forth price action continued. Corn followed wheat lower, while soybeans firmed.
Diesel prices surge amid jump in global energy prices tied to the war between Russia and Ukraine.
The extended weather outlook through June offer no hope of meaningful relief for drought-parched HRW areas, but it favorable for rapid progress for spring-planted crops.
Corn and soybeans firmed after failing to take out Wednesday’s lows overnight. Wheat futures gapped lower but rebounded to fill the gaps and are trading mostly firmer this morning.
Wheat basis rebounds from the plunge the previous week, corn and soybean beans weakens.
Wheat futures traded sharply lower overnight, which pulled the corn market lower. Soybeans, along with meal and soyoil traded higher.
Wheat futures traded higher but have come well off their overnight highs this morning, while corn and soybeans faced followthrough selling.
