Agriculture News
Corn and soybeans pulled back from recent gains overnight, while wheat also weakened.
Forecasts now signal hotter and drier conditions for late in the weekend and early next week.
After contract lows to open the week, December corn futures are working on three straight days of corrective gains.
Farm Credit Services of America’s mid-year appraisal shows values holding.
Farmers National Company highlights farmland market at mid-year
Mostly favorable conditions for summer crop development are expected to continue for at least the next 10 days.
Corn futures pulled back from Monday’s corrective gains overnight, while soybeans and wheat extended their losses.
Soybeans are now rated above year-ago.
Limited upside for grain markets amid favorable weather, trade uncertainty.
Corn and wheat are mildly firmer with soybean futures choppy this morning. Livestock futures are slightly softer to start the week...
Cattle futures expected to open higher, hogs lower.
Corn rebounded from fresh contract lows, while soybeans bounced from a drop below $10.
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Cut to ending stocks fails to spark corrective buying in corn, as traders remain focused on favorable weather.
Weather conditions are expected to remain favorable through at least the end of July.
Corn, soybeans and wheat traded on both sides of unchanged during the overnight session but are mildly weaker early this morning.
Cash cattle prices have retreated from recent record levels but remain at historic highs.
CPC puts nearly 90% odds of neutral conditions lasting through August and 56% chances they will persist until October.
Drought covers 35% of spring wheat areas, but only minor levels for corn, soybeans and cotton.
Traders failed to respond to strong weekly export sales reported near the end of overnight trade, signaling focus remains on weather.