Agriculture News
Key for the corn production number will be the implied ear weight USDA uses.
Distillate inventories have plummeted as harvest looms...
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Corn and wheat futures posted solid corrective gains overnight, while soybeans built on Thursday’s modest gains.
Our updated monthly and quarterly price forecasts.
The U.S. Climate Prediction Center (CPC) now says there are 91% odds La Niña will persist through the September-November timeframe and 54% chances it lasts through January-March 2023.
Drought improvement was seen in Texas, but conditions worsened in the Central and Northern Plains, along with areas of the Midwest.
Grain and soybean futures traded both sides of unchanged overnight, with corn weaker while soybeans and wheat are firmer this morning.
There is an expected weakening of demand over the next six to 12 months.
Corn and soybean basis continues to weaken as early harvest begins.