Agriculture News
USDA’s export inspection data for week ended April 20, showed corn and soybeans declining notably from the previous week, while wheat inspections rose by over 100,000 MT.
It’s not just cash steer/heifer prices that are surging, boner/breaker prices are also rising.
Monthly banker survey finds slight uptick in attitudes.
The southern U.S. is expected to see above-normal temps through July, though the southeastern quadrant of the country will also experience above-normal precip.
Corn and soybean sales each missed their respective pre-report range for week ended April 13, though weekly wheat sales of 259,000 MT were 1 MT short of topping the pre-report range.
Grain and soy futures will face active followthrough selling after losses overnight and disappointing weekly export sales.
Corn, soybean and wheat futures extended recent losses overnight amid a lack of supportive news and elevated risk aversion.
Highlights of agricultural conditions across the 12 Fed districts.
Grain and soy futures will face pressure from corrective selling and negative outside markets.
Corn, soybean and wheat futures pulled back from gains earlier this week amid corrective selling overnight and negative outside markets.