Agriculture News
Corn and soybeans modestly extended this week’s price gains overnight but didn’t take out Thursday’s highs.
This week we welcome special guest David Wasserman, Senior Editor, U.S. House of Representatives for The Cook Political Report. David shares his perspective on potential outcomes of national elections.
Soybean inspections slowed from the previous week but were about as expected.
Soybeans are leading gains in the grain markets with livestock futures also higher to start the week.
December HRW and December HRS futures posted new contract highs overnight.
USDA’s Cold Storage Report showed beef stocks increased a little more than is typical during September, while the build in pork stocks was a little shy of normal.
Report should be supportive for futures, especially deferred live cattle.
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Wheat futures followed the European market higher overnight, with December HRS wheat scoring a new contract high.
Monthly survey finds bankers turning pessimistic for 2022.
