Agriculture News
February beef exports were the second most ever for the month. Pork exports plunged amid sharply reduced shipments to China.
Wheat futures traded sharply higher overnight, while soybeans were slightly lower and corn was mixed. Similar trade is expected on the open this morning. Cattle and hogs are called weaker amid followthrough selling.
Wheat futures are trading sharply higher this morning, while soybeans and the soy product markets are lower on followthorugh selling. Corn is caught in the middle.
USDA unexpectedly estimates farmers intend to plant more acres to soybeans than corn in 2022. March 1 stocks were slightly lower than expected, while soybean stocks came in higher than anticipated.
Soybeans and cotton above expectations
Quiet trade expected ahead of USDA’s reports at 11 a.m. CT. Hog futures will be supported by Wednesday’s bullish Hogs & Pigs Report.
SRW areas show the largest improvement
Soybean and pork export sales increase
Corn, soybean and wheat futures held in narrow ranges in quiet, two-sided trade overnight ahead of USDA’s reports later this morning.
Sharp weekly drop in cash corn, soybean and wheat prices.
Corn, soybean and wheat basis continues to rebound from the sharp late-winter plunge.