Agriculture News
Find highlights from today’s Crop Progress and Condition Report.
The corn CCI rating inched higher, while the soybean reading slipped.
“Producers in June were less optimistic about both current conditions on their farming operations as well as their expectations for the future,” with the former driving the decline, according to today’s report.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Inspections of corn and soybeans were in line with expectations the week ended July 1, though expectations for soybean shipments were admittedly light. Wheat inspections fell just short of expectations.
Grain and soy futures opened under hefty pressure on weekend rains. Fat cattle futures are under pressure as lean hogs firm.
EPA exceeded its authority when it allowed year-round sales of E15, the D.C. Circuit ruled Friday.
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Cash corn and soybean prices surge following USDA’s June 30 reports.
A stalled frontal boundary brought widespread, heavy rain and flash flooding to parts of the lower Midwest. But the Upper Midwest largely missed out on the heaviest rains, maintaining drought concerns.
The bulk of these big new-crop soybean sales was known via USDA’s daily reporting service. Old-crop sales were light, as expected, but they were able to stay in positive territory.
Corn and soybean basis surges on the rollover in contracts, but cash prices also soar.
Corn planted acres climbed from March intentions, but by around 1.1 million acres less than analysts expected. USDA’s June 1 stocks estimates came in on the friendly side of expectations for corn, soybeans and wheat.
Analysts surveyed by Reuters did a pretty good job anticipating Statistics Canada’s planted acreage adjustments.
Find highlights from today’s weekly USDA Crop Progress and Condition Report.
The corn and soybean CCI ratings were little changed over the past week, but the spring wheat crop continues to deteriorate.
June 1 grain stocks will be down sharply, but history signals there could be surprises.
Proposition 12 imposes what opponents claim is arbitrary animal housing standards that reach far outside of California’s borders to farms across the country, and bans the sale of pork that does not meet those standards.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
But today’s update also featured upside revisions to USDA’s initially reported soybean and especially corn export inspections for the week ending June 17.