Agriculture News
March 1 feedlot inventory was the largest ever for the month and 31,000 head more than traders anticipated.
Corn, soybean and wheat futures held within Tuesday’s price ranges overnight in relatively quiet trade that has markets trading higher and near session highs this morning.
USDA’s Cattle on Feed Report Friday afternoon is expected to show March 1 inventories up 1.1% from year-ago levels, which if realized would top last year’s record for the date by 132,000 head.
Possible U.S. food (likely wheat) donation to Ukraine could be a part of President Joe Biden’s trip to Europe.
Global supply concerns amid the ongoing war between Russia and Ukraine fueled active followthrough buying in grain and soy markets overnight, led by winter wheat.
Annual ISPFMRA survey finds Excellent-quality farmland soaring 26%.
Corn, wheat, soybean inspections within trade expectations
Short-term trend turns bullish for live cattle, feeder cattle and cotton.
Bulls controlled overnight trade in the grain and soy complex amid global supply concerns as Russia’s invasion of Ukraine is showing no signs of letting up or ending anytime soon.
Pro Farmer/Doane planting intentions survey results