Agriculture News
Wheat inspections in week ended July 20 were up 85,621 MT from the previous week and above the pre-report range. Soybean inspections rose notably from the previous week, while corn fell 100,000 MT.
Cash hog and pork product prices continue to climb seasonally.
Grain and soy futures are expected to open sharply higher amid uncertainties with the Black Sea grain supply and weather concerns.
Corn, soybeans and wheat sharply extended Tuesday’s gains during the overnight session amid concerns with U.S. weather and Black Sea grain supplies.
Grain and soy futures are expected to open solidly higher after price gains overnight.
Corn, soybean and winter wheat futures traded higher overnight.
All three crops are still rated lower than last year at this time.
USDA’s weekly export inspection data for week ended July 13 showed a mild increase in corn inspections from the previous week, while soybeans and wheat declined notably.
Grain and soy futures are being supported by concerns with U.S. weather and Black Sea grain supplies.
Grain and soy markets are expected to open higher on support from concerns with U.S. weather and Black Sea grain supplies.