Agriculture News
Corn and soybean futures face light pressure as wheat futures rise. Livestock futures are narrowly mixed to start the week...
ERS made upward revisions to its 2021 food inflation forecasts for all food, restaurant and grocery store prices.
USDA announced today that it is updating the Coronavirus Food Assistance Program 2 (CFAP 2) for contract producers of eligible livestock and poultry and producers of specialty crops and other sales-based commodities.
But cotton ratings shot higher once more as Texas continues to receive rain.
There were 401.26 million lbs. of beef in the nation’s freezers at the end of July, just a 256,000-MT decline from the end of June versus the five-year average increase of 23.6 million lbs. for the month.
The corn and soybean CCI ratings are the lowest of the growing season.
Corn, soybean and wheat futures are firmer to start the week. Livestock futures are also higher.
Chip Flory and Washington policy analyst Jim Wiesemeyer discuss current D.C. policy issues and events...
USDA also revised last week’s tally a substantial, 120,000 MT higher. Shipments of corn and soybeans were in line with expectations.
Pro Farmer estimates the U.S. corn crop at 15.116 billion bu. with an average yield of 177.0 bu. per acre. We estimate the U.S. soybean crop at 4.436 billion bu. on a national average yield of 51.2 bu. per acre.
This issue is all about our Crop Tour findings and our Pro Farmer crop estimates.