Agriculture News
Soybean futures are under pressure after trading below the Ju ne low overnight. Wheat futures are mixed and corn futures are under pressure. Cattle futures are higher and lean hogs are facing some profit taking.
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Cash soybean prices continue to fall as harvest accelerates.
On the other hand, USDA’s quarterly wheat stocks estimate was 72 million bu. lighter than analysts anticipated. Find more highlights from USDA’s latest Quarterly Grain Stocks Report and Small Grains Summary.
Warm, dry weather dominated the western half of the U.S. the week ending Sept. 28, while some welcome rain fell in some areas of the Midwest, the Mid-Atlantic and into the Northeast.
The semi-annual survey of Iowa land professionals finds strong gains in values for all types of farmland.
Cotton export sales soared 65% from last week’s strong tally to 571,400 RB, with China accounting for the bulk of the purchases.
Corn and soybean basis continues to weaken as harvest picks up.
We believe any surprises for wheat will likely come in the Small Grains Summary. Find expectations for USDA’s key reports at month’s end.
Corn rating was unchanged while the soybean rating modestly declined.