Agriculture News
CPC puts nearly 90% odds of neutral conditions lasting through August and 56% chances they will persist until October.
The corn crop is now rated 6.7 points above year-ago, while soybeans are still 1.7 points below last year at this time. Spring wheat is 31.9 points below last year.
Grain markets are under heavy pressure with livestock futures choppy to start the week...
Barring a change in weather pattern, grain markets will need another source of support for an extended price recovery.
Favorable weather, trade uncertainty and weakening cash livestock fundamentals will weigh on futures to open the week.
Favorable weather triggered an active round of selling in grains to kick off trade after the holiday weekend.
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Corn, soybeans and the winter wheat markets extended Wednesday’s strong gains during overnight trade.
Corn and bean basis remains much weaker than average.
Cash cattle prices continue to retreat after historic rally.
Corn futures faced followthrough selling overnight, though remaining above Tuesday’s contract lows.