Agriculture News
Weekly export data for week ended Sep. 8 reported soybean export sales have had a considerable start to the marketing year; ahead of last year’s pace, while corn lags by 50%.
Quiet, two-sided trade was seen overnight as traders awaited USDA’s reports later this morning.
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.