Agriculture News
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Grain and soybean futures favored the upside in the overnight but are slightly lower after the open. Cattle futures are under light pressure and lean hog futures are off to a moderately lower start.
Mexico’s National Farm Council and Bayer say the rejection violates the USMCA.
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Quarterly Fed Bank survey finds strong demand for rural land.
Analysts expect smaller corn and larger soybean crop estimates from USDA next Tuesday. Find more pre-report expectations here.
Several rounds of storm systems led to some drought improvement to the Midwest and Plains the week ending Oct. 5, but drought/dryness worsened in areas that missed out amid unseasonable warmth.
Corn export sales handily topped expectations the last week of September, with more export facilities reopening and fresh supplies in the U.S. pipeline. Sales were up sharply from sub-400,000 MT in recent weeks.
Corn and soybean basis ticks up after extended declines.
“The August export results would be impressive under any circumstances, but achieving these totals despite all the Covid-related obstacles at home & overseas is truly remarkable,” says USMEF President Dan Halstrom