Agriculture News
The corn CCI rating is still a little above average, despite the weekly decline.
Corn export inspections declined 691,290 MT from the previous week’s upwardly revised tally.
Grain and soybean futures gapped higher overnight, lean hog futures are posting fresh highs as live and feeder cattle futures soften.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Farmers National notes strong gains in farmland values since Jan. 1.
![“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.](https://assets.farmjournal.com/dims4/default/92c7bcd/2147483647/strip/true/crop/840x561+0+19/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F2021-02%2FExport-ship-840.jpg)
Old-crop corn sales topped expectations, while new-crop sales were right in line with what the market expected. Exports of the grain held above 2 MMT.
Argentina’s Agroindustrial Council (CAA) issued a statement today saying Argentine meat producers will continue to hold talks with the government with the goal of lifting a one-month suspension on exports of beef.
On the High Plains, temperatures were cool and rain fell, but that did little to change drought conditions in the region.