Agriculture News
Corn and wheat inspections were in the lower half of analysts’ expectations and down from the week ending Sept. 30, with exporters focusing on soybean shipments as Louisiana ports reopen.
Corn export sales handily topped expectations the last week of September, with more export facilities reopening and fresh supplies in the U.S. pipeline. Sales were up sharply from sub-400,000 MT in recent weeks.
Corn and soybean basis ticks up after extended declines.
“The August export results would be impressive under any circumstances, but achieving these totals despite all the Covid-related obstacles at home & overseas is truly remarkable,” says USMEF President Dan Halstrom
“At least the sunsets were pretty. That’s the best I can say about the summer of 2021,” says guest blogger Mark Wagoner of Touchet, Washington.
Find highlights from today’s Crop Progress and Condition Report.
Soybean rating improved slightly as harvest accelerated across the Midwest.
AgriTalk host Chip Flory and Pro Farmer policy analyst Jim Wiesemeyer discuss efforts to keep ASF out of the country, Congress struggling to get the votes to pass both infrastructure bills, and more...
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
The National Weather Service revised its one-month temperature and precipitation outlooks at the start of October, including some significant changes on the precipitation front.
While shipment tallies improved notably as more export facilities reopened at the Gulf, the amount of beans inspected for export was still well under year-ago. USDA also made significant revisions to last week’s data.