Agriculture News
Boxed beef, pork cutout prices facing heavy pressure.
Fed appears willing to risk a recession as it tries to tame inflation.
Wheat futures led a round of followthrough buying overnight as tensions between Russia and the West escalated.
Corn futures mildly built on Monday’s gains overnight, while wheat recouped a small portion of yesterday’s losses and soybeans pulled back.
The quarterly survey conducted by the Federal Reserve Bank of Dallas finds strong gains in Texas ranch and cropland.
Kansas City Fed finds new highs posted in Central Plains farmland values.
The corn CCI rating has declined 10 straight weeks, while the soybean rating dropped for a seventh consecutive week.
Weekly export inspections for week ended Sep. 15 were reported as expected; corn and beans continue to keep a notable pace ahead of last year.
Wheat futures are under sharp pressure to open the week, which is weighing on corn. Soybeans are mildly supported by export sales to China.
