Agriculture News
Spring wheat futures led gains in the wheat markets overnight as planting progress fell shy of expectations. Soybeans firmed, while corn traded slightly lower overnight.
The Rural Mainstreet Index finds loan volumes up on increased input costs.
Big weekly gains in cash prices for corn, soybeans and wheat.
Drought still covers two-thirds of U.S. winter wheat area.
If the forecast verifies, it suggests crop stress could develop across the western Corn Belt and persist in the Southern Plains
China continues to buy sizable quantities of U.S. old-crop soybeans, accounting for more than half of the weekly total.
Wheat and corn futures faced continued pressure from Wednesday’s losses overnight, while soybeans traded mixed.
SRW and HRW wheat basis weakens amid strong rally in cash prices.
Iowa State University survey pegs statewide average cash rent at $256 per acre.
Quarterly surveys from Federal Reserve Banks confirm strong gains in farmland values.
Wheat futures gapped higher overnight but reversed lower and are under heavy pressure this morning. Corn and soybeans also traded lower.