Agriculture News
USDA is expected to fine tune its U.S. and global old- and new-crop balance sheets in Friday’s Supply & Demand Report.
Area reports show strong gains in farmland values over FNC service are
Soybean futures scored new contract highs amid strong followthrough buying overnight. Corn and wheat futures also firmed.
The World Bank slashed its global economic growth for 2022 to 2.9% from 5.7% last year as the war has compounded pandemic-induced damage.
The wheat market gave back a small portion of Monday’s strong gains overnight, while corn and soybeans traded mixed.
USDA’s corn ratings are 75% or higher “good” to “excellent” in four of the top five producing states.
Soybean inspections fell shy of expectations
Grain and soy futures rallied sharply overnight amid renewed global supply concerns, led by the wheat market.
Corn-based ethanol mandate was unchanged for 2020, slightly increased for 2021 and unchanged for 2022 versus the proposed levels.