Agriculture News
Monthly banker survey finds strong farmland values
While there are lysine shortages, the price rally is likely as much speculative-driven as it has to do with fundamentals.
The NWS forecast calls for above-normal temps and below-normal precip over most of the Southern Plains from December through February.
Drier weather in the southwestern United States, western Great Plains, and Southeast led to drought conditions developing or worsening for parts of these regions.
Weekly soyoil sales were strong and much higher than expected.
Wheat futures led gains, pushing above yesterday’s highs, while corn and soybean futures did not clear Tuesday’s highs.
Soybean basis firmed 3 cents, while corn basis improved 5 1/4 cents.
October 2020 placements were unusually light and October 2021 had one less slaughter day than year-ago.
Soybeans led the overnight price rebound from Tuesday’s losses.