Agriculture News
Bears took firm control of price action in the grain and soy markets amid risk aversion overnight as traders returned from the weekend.
Corn and spring wheat futures extended Monday’s gains overnight amid planting delays concerns. Soybeans and winter wheat rebounded from Monday’s losses.
The sharp drop in HRW CCI rating was led by a 6.2-point deterioration in the Kansas crop and a nearly 3-point decline in Oklahoma.
Short-term trends turn sideways for SRW wheat and cotton.
USDA’s Cattle on Feed Report is bearish, as the April 1 feedlot inventory and March placements both topped the highest pre-report estimates.
USDA’s Cold Storage Report showed increases in both beef and pork stocks at the end of March, whereas both typically decline during the month.
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Cybersecurity agencies note increased cybercrime risk
Another week of strong gains in cash corn and soybean prices.
Spring wheat, cotton, corn and soybean drought areas decline