Agriculture News
The amount of corn inspected for export handily topped expectations and the tally nearly doubled the year-ago figure. In addition, last week’s number was also revised nearly 150,000 MT higher.
Corn and wheat futures are higher and soybeans are mixed. Cattle and hog futures are higher to start the week.
In Kenya, farmers can’t spend much time thinking about the UN’s sustainable development goals, let alone striving to meet them, when we don’t have a good sense of whether it will rain next week.
EPA and Army say they will work to develop a “a reasonable, effective, and durable definition of WOTUS,” and enlist the public’s help to do so.
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Dry weather covered much of the Midwest the week ending July 27, and rising temperatures increased crop stress in the Upper Midwest.
Also of note, wheat sales climbed 46% from the four-week average to 515,200 MT, with China topping the list of buyers — despite elevated prices.
Soybean basis soars on rollover to the November contract, but the cash price falls.
Fed Chair Jerome Powell said the Fed is still a ways away from considering raising interest rates, though he did acknowledge near-term risks to inflation are to the upside.