Agriculture News
Weekly export sales data through week ended Sept. 15 revealed corn export sales for the week continued to fall behind year-ago levels by 50%, while soybeans remained steadily ahead.
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.
Heavy pressure on the wheat market pulled corn lower overnight, while soybeans posted two-sided trade.
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Corn, soybean and wheat futures extended price losses from earlier in the week duringovernight trade.
Monthly Rural Mainstreet Index in growth negative range.
There was a major expansion of drought across the Northern Plains, while drought conditions intensified in the Central Plains.
Hot, dry conditions during fall should facilitate rapid harvest of corn and soybeans but is concerning for the HRW crop that’s being planted into dry soils.