Agriculture News
Cash prices for corn and soybeans dropped sharply over the past week.
The new pricing system scraps a so-called fuel import parity policy that more closely aligned prices at the pump with the oil market and exchange rates.
Corn, soybeans and SRW wheat will face followthrough selling, while HRW and spring wheat may be mildly supported by crop concerns.
Corn, soybeans and SRW wheat faced followthrough selling overnight, while HRW and spring wheat firmed.
New University of Colorado Boulder research shows the number of farms globally will shrink in half as the size of the average existing farms doubles by the end of the 21st century.
Corn, soybeans and winter wheat are expected to trade lower early this morning after losses overnight.
Corn, soybean and winter wheat futures pulled back from Monday’s gains during overnight trade.
Despite the modest uptick over the past week, the HRW CCI rating remains historically low.
Weekly corn inspections in week ended May 11, rose nearly 200,000 MT on the week, while wheat inspections increased 27,731 MT. Soybeans missed pre-report estimates and were down 250,000 MT from the previous week.