Agriculture News
USDA says 43% of U.S. winter wheat areas are experiencing drought conditions, unchanged from the previous week.
Wheat futures are sharply higher with corn higher on spillover support. Soybeans are working on a recovery from overnight pressure. Live cattle futures are firmer and lean hogs are slightly higher to start the week.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Spillover from surging wheat futures supported corn overnight, while soybeans faded.
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USDA Secretary Tom Vilsack joins Chip Flory and Jim Wiesemeyer to discuss the updated Build Back Better framework and what it means for U.S. agriculture, including money invested for biofuels and conservation.
Corn and soybeans modestly extended this week’s price gains overnight but didn’t take out Thursday’s highs.
The U.S. Drought Monitor shows much of HRW areas are covered by dryness/drought, while virtually no abnormally dry conditions and no drought are noted across the SRW states
Soybean export sales slowed dramatically from the previous week but weekly shipments increased.
No clear price tone developed overnight as grain and soy futures held in tight trading ranges.