Agriculture News
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.
Annual June survey finds Indiana farmland values exceed old highs set in 2014.
On an earnings call today, Archer Daniels Midland CEO Juan Luciano said the world lost 15 MMT of crop production due to bad weather over the past two to three weeks.
Find highlights from USDA’s latest Crop Progress and Condition Report.
Drought continues to hammer the U.S. spring wheat crop, while corn and soybean ratings slipped.
Jim Wiesemeyer and guest host Davis Michaelsen discuss the week ahead in Washington...