Agriculture News
We remember former U.S. Secretary of State General Colin Powell who passed away this morning, plus Chip Flory and Jim Wiesemeyer discuss what’s new with the infrastructure bill(s) and a lot more.
Soybean and corn export inspections topped expectations and year-ago levels.
Soybean futures are under light pressure with corn and wheat mixed. Livestock futures are lower to start the week with hog futures holding just above last week’s lows.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
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Corn and soybean export sales were near the middle of the range of pre-report estimates.
Several storms traversed these regions over the past week, helping to counter unseasonable warmth.
Boxed beef prices continue to fall and are nearing the summer low.
Initial tapering efforts will likely include cutting $10 billion a month in Treasury buys and $5 billion a month in mortgage-backed securities purchases.
On the other hand, its cotton production and carryover forecasts dropped more than analysts anticipated.
Corn and wheat inspections were in the lower half of analysts’ expectations and down from the week ending Sept. 30, with exporters focusing on soybean shipments as Louisiana ports reopen.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Grain and soybean futures favored the upside in the overnight but are slightly lower after the open. Cattle futures are under light pressure and lean hog futures are off to a moderately lower start.
Mexico’s National Farm Council and Bayer say the rejection violates the USMCA.
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Quarterly Fed Bank survey finds strong demand for rural land.
Analysts expect smaller corn and larger soybean crop estimates from USDA next Tuesday. Find more pre-report expectations here.
Several rounds of storm systems led to some drought improvement to the Midwest and Plains the week ending Oct. 5, but drought/dryness worsened in areas that missed out amid unseasonable warmth.