Agriculture News
Increases U.S. corn, soybean and wheat carryout
Corn, soybeans and wheat held in tight trading ranges overnight as traders await USDA’s January crop reports later this morning.
Corn, soybeans and wheat held in relatively tight trading ranges in quiet overnight price action.
USDA’s January crop reports tend to swiftly move markets since there’s so much data.
Wheat futures are trading low range this morning, while corn and soybeans are near midrange.
Aside from wheat, chart trends for grain and soy complex futures remain bullish.
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Wheat futures extended their sharp price drop overnight, while corn and soybeans also declined.
Slight deterioration in HRW, improvement in SRW
Corn, wheat and soybean export sales below expectations
Soybean futures are posting double-digit losses this morning but are off their overnight lows.
Cash livestock/meat prices start 2022 well above year-ago.
Farmers National Company reports farmland values surged in the last half of 2020.
Wheat futures erased most or all of Tuesday’s gains overnight, while corn and soybeans mildly favored the downside.
Too much heat and dryness across southern Brazil and northeastern Argentina, along with too much rain in some areas of central and northeastern Brazil continues to curb South American crop production prospects.
Individual state crop conditions ratings released on Monday showed major deterioration of the HRW wheat crop during December.
Soybean futures built on Monday’s gains overnight, while corn and wheat mildly rebounded from yesterday’s losses.
Corn, wheat and soybean exports down from previous week