Agriculture News
HRW crop conditions improved modestly during March but are still far below last fall and the five-year average for early April.
Wheat futures led overnight price declines. Despite the heavy pressure, wheat and corn futures remained within their recent sideways trading ranges, while soybeans stayed within their choppy to higher range.
USDA expects 2022 food prices to increase 4.5% to 5.5%
March 1 feedlot inventory was the largest ever for the month and 31,000 head more than traders anticipated.
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Grain and soybean futures mildly extended Thursday’s losses in relatively quiet overnight trade.
Diesel prices ease a little but they are still nearly $2 above year-ago.
Grain and soy markets faced price pressure overnight and are trading near session lows this morning.
Wheat basis continues to rebound, but remains much weaker than normal.