Agriculture News
The Dec. 1 hog herd fell 1.8% from year-ago and was 210,000 head less than the average pre-report estimate implied.
Corn and soybeans firmed amid mild corrective buying during a lightly traded overnight session. Wheat traded mostly firmer.
Export inspections for week ended Dec. 15 proved mid-range for corn, while soybeans and wheat landed towards the lower end of pre-report expectations.
Short-term trend turns bearish for lean hog futures.
Corn and soybean futures faced pressure overnight after weekend rains fell on some dry areas of South America, while wheat showed a mixed tone.
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Corn and soybeans are weaker this morning after two-sided price action overnight, while wheat futures are mostly firmer.
Big weekly gains in cash grain and soybean prices.
Rural Mainstreet Index registers sight decline in optimism on farmland and ag equipment.
Weekly export data for week ended Dec. 8 showed corn topping expectations by nearly 60,000 MT, with wheat nearly 120,000 MT above the top-end range. Soybean export sales breached the top-end range by 943,000 MT.
The National Weather Service (NWS) 90-day forecast continues to call for increased chances of below-normal precip across most of HRW wheat areas during the January through March period.