Agriculture News
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.
Corn and soybean basis dropped over the past week but remains above futures.
U.S. central bank ditches its “transitory” mantra for a hawkish tone.
Selling in the wheat market overnight pulled corn lower, while soybeans were supported by strength in soymeal.
Annual ISU survey finds an average acre of Iowa farmland rocketed 29% in 2021.
Corn, soybean and wheat futures are mildly weaker this morning as a quietly traded overnight session winds down.
Soybean export inspections were lower than expected and down sharply from both week- and year-ago.