Agriculture News
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Most cattle classes tracked saw slight declines
Trading volume declined significantly during the last shutdown
Abnormal dryness up 3% from a week ago
Various programs and reports are on hold. Among them are EQIP and SDRP. Also in jeopardy of being delayed or cancelled is the October WASDE, due this Thursday.
Third-generation farmer Amy France and team at NSP are on a mission to improve buyer demand for the crop domestically and abroad.
Analysts provide estimates amid lack of data releases from USDA
Wheat inspections during the week ended Oct. 2, fell 368,000 MT, but continues to outpace year-ago inspections.
Davis and Lane talk about last week’s news while Spencer gives insight into what to expect from USDA during the government shutdown.
Corn futures open the day session with fractional losses, soybeans are fractionally higher and winter wheat futures are almost 2 cents higher to start the day. Live cattle futures are under light selling pressure with feeders mixed and lean hog futures mostly higher...
Dry conditions in the upper midwest developing
USDA’s harvested acres estimate drove 62% of the production increase
USDA reported quarterly corn stocks data as of Sept. 1 were nearly 200 million bu. higher than the average analyst estimate, while soybeans were slightly below. Wheat production also surpassed pre-report expectations.
National soybean good to excellent ratings up 1%
Weekly corn inspections are outpacing year-ago by more than 50%.
The team discusses Argentine soy purchases by China and what to expect in this week’s Grain Stocks Report.
Drought relief came to the plains, while dryness expanded in the eastern corn belt again
Corn sales during the week ended Sept, 18 totaled 1.923 MMT, according to USDA, which topped analysts’ pre-report range.