Agriculture News
A discussion on a historical look at USDA’s initial WASDE projections.
Wheat, corn and soybeans are higher to start the week. Cattle and hogs are choppy, but mostly lower...
Short-term trends remain unchanged for most markets this week.
Focus will remain on trade developments and crop weather.
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Weekly cash corn prices weakened, while soybean prices firmed.
Soybeans tried to work higher on corrective buying overnight, but succumbed to continued pressure on soyoil late in the session.
Potential quiet end to the week comes after earlier volatile price action.
Bankers Note weakening financial conditions.
Chicago Federal Reserve Bank Also Finds 4% Quarterly Gain.
Creighton’s monthly survey finds growing pessimism.
The Seasonal Drought Outlook calls for drought to persist or develop across the much of the western Corn Belt and Plains through August.
Soy stocks historically come in tighter than estimated.
Limit-down trade in soyoil tied to concerns the renewable diesel target for next year may be lower than expected and sharply lower trade in crude oil.
Package was approved in a party-line vote of 29-25.
Corn basis improved but remains much weaker than average.
Annual Iowa State survey reports state average of $271 an acre.
July soybean futures reached their highest level since Feb. 11 during overnight trade.
Wheat futures fell to contract lows overnight.
CCI ratings declined in both Kansas and Illinois.