Agriculture News
USDA’s May 12 Supply & Demand Report will be the first official release of balance sheets for 2022-23, along with usage adjustments for the old-crop marketing year.
Corn, soybean and SRW wheat futures recouped a portion of Monday’s losses overnight. HRW and HRS futures firmed more than they lost yesterday.
Recent rains spurred mild improvement in HRW ratings; SRW ratings declined.
Corn, soybean and wheat export inspections all declined from the previous week
Wheat futures extended last week’s gains overnight amid crop concerns, while the corn and soybean markets were pressured by improved weather.
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Wheat futures took back some of Thursday’s strong gains overnight. Soybeans and corn more than erased yesterday’s gains, with corn scoring new lows for the week.
Big year-over-year changes in U.S. meat exports through the first quarter driven by shifting Chinese demand.
Our updated monthly and quarterly price forecasts, including our first outlooks for the fourth quarter.