Agriculture News
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.
Soybean led the price pullback overnight after recent, strong gains.
Corn and soybean basis both slipped as harvest continues to progress faster than normal and yields are big.
The report is expected to show larger placements again for September.
Agriculture conditions were mixed and energy markets were little changed, on balance.
We remember former U.S. Secretary of State General Colin Powell who passed away this morning, plus Chip Flory and Jim Wiesemeyer discuss what’s new with the infrastructure bill(s) and a lot more.
Soybean and corn export inspections topped expectations and year-ago levels.
Soybean futures are under light pressure with corn and wheat mixed. Livestock futures are lower to start the week with hog futures holding just above last week’s lows.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
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Corn and soybean export sales were near the middle of the range of pre-report estimates.