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.
Corn-based ethanol mandate was unchanged for 2020, slightly increased for 2021 and unchanged for 2022 versus the proposed levels.
Access this week’s Newsletter here.
Strong week for cotton export sales and shipments.
Two-sided trade was seen in grain and soy futures overnight, but markets are softening this morning, led lower by soybeans and soyoil.
Corn and wheat futures posted corrective gains overnight after sharp losses Wednesday, while soybeans built on yesterday’s gains.
Fed banks highlight economic conditions, including for the ag sector.
Two-sided trade was seen overnight, with wheat and soybeans firmer amid corrective buying this morning, while corn is trading just below unchanged.
HRW crop is still rated well below its five-year average, while the SRW crop is slightly above normal.