Agriculture News
Beef stocks rose contra-seasonally in November. Pork stocks declined, as is normal, but not nearly as much as the five-year average.
Soybean and wheat export inspections each declined mildly from week-ago.
Corn, soybean and wheat futures were unable to sustain initial strength overnight and are trading near session lows this morning as the overall marketplace adopted a general risk-off stance.
Creighton University’s RMI shows strong rural economy
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Soybeans and wheat found mild followthrough buying overnight, while buying was restricted in corn and spring wheat.
The National Weather Service’s (NWS) 90-day forecast offers little hope for improvement in conditions of the HRW crop through winter.
53% of the winter wheat crop remains in drought
Weekly corn and wheat export sales hit marketing year high
Soy complex futures strengthened overnight after initially trading lower, which supported corn. Wheat futures tried to rebound from Wednesday’s sharp losses, but buyer interest proved limited.