Agriculture News
Drought spread across the Central and Southern Plains over the past week, as well as in southern and eastern areas of the Corn Belt, according to the latest U.S. Drought Monitor.
Both crops are rated nearly 11 points below their respective five-year averages.
Pro Farmer policy analyst Jim Wiesemeyer and AgriTalk host Chip Flory talk infrastructure bill, Afghanistan, and President Biden’s COVID-19 vaccination mandate...
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets below.
Soybean inspections were also quite light, though that has been the trend in recent months. Wheat inspections were solid, thanks in large part to more of the grain shipping out of the Pacific Northwest.
Corn, wheat and soybean markets are under pressure to start the week. Livestock futures are also favoring a softer tone.
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American Farm Bureau Federation Managing Director for Public Policy Ryan Yates told Chip Flory on AgriTalk, “I don’t know how I can be more clear. This creates a new tax on hardworking farmers and ranchers.”
The department’s higher soybean crop estimate was in line with expectations, but its cotton production estimate came in quite a bit higher than the market anticipated.
China accounted for more than half the 453,000 RB in 2021-22 crop sales.