Agriculture News
Spring wheat futures led gains in the grain and soy complex overnight.
Decline in the HRW crop was led by Texas, though crops in Kansas, Colorado, Nebraska and Montana also dropped.
Chip Flory and Jim Wiesemeyer recap last week’s Day of Ethanol on AgriTalk and discuss where other fossil fuels may stand. Plus when will the latest Infrastructure bill(s) be voted on in the House?
Corn and soybean export inspections met expectations, with soybean shipments near the high end of pre-report estimates.
Wheat futures are sharply higher with corn higher on spillover support. Soybeans are working on a recovery from overnight pressure. Live cattle futures are firmer and lean hogs are slightly higher to start the week.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Spillover from surging wheat futures supported corn overnight, while soybeans faded.
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USDA Secretary Tom Vilsack joins Chip Flory and Jim Wiesemeyer to discuss the updated Build Back Better framework and what it means for U.S. agriculture, including money invested for biofuels and conservation.
Corn and soybeans modestly extended this week’s price gains overnight but didn’t take out Thursday’s highs.
The U.S. Drought Monitor shows much of HRW areas are covered by dryness/drought, while virtually no abnormally dry conditions and no drought are noted across the SRW states
Soybean export sales slowed dramatically from the previous week but weekly shipments increased.
No clear price tone developed overnight as grain and soy futures held in tight trading ranges.
Corn and soybean basis firms seasonally as harvest pressure eases.
Commodity markets faced pressure overnight on renewed macroeconomic concerns amid new Covid outbreaks in China with grain and soy futures pressured by the broad-based selling.
Both the present situation index and the expectations index surprisingly rose this month.
HRW rating is 8.5 points below average, while the SRW rating is 4.4 points above normal.
This week we welcome special guest David Wasserman, Senior Editor, U.S. House of Representatives for The Cook Political Report. David shares his perspective on potential outcomes of national elections.
Soybean inspections slowed from the previous week but were about as expected.