Agriculture News
Soybean inspections were stronger than the market anticipated, but expectations were limited and the amount of beans inspected for export were well under year-ago levels.
Corn and soybean futures face light pressure as wheat futures rise. Livestock futures are narrowly mixed to start the week...
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It expects Canada’s 2021-22 all wheat crop to drop 15.01 MMT (42.7%) from last season to 20.18 MMT.
Reuters is now reporting two of its sources indicate EPA has proposed retroactively lowering the 2020 Renewable Fuel Standard blending obligations in a nod to reduced fuel demand due to the Covid-19 pandemic.
Areas of the Midwest and High Plains received welcome rainfall the week ending Aug. 24, leading to localized drought improvement. But areas that missed out saw drought conditions worsen over the past week.
Sales of old- and new-crop corn were in line with expectations. Soybean sales were strong, as expected, with much of the business known thanks to USDA’s daily reporting system.
Soybean basis slipped but the cash price rebounded.