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.
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...
Corn inspections were also decent and above 1 MMT. Soybean inspections were near the upper end of expectations, though the overall tally was still pretty light.
Corn soybean and wheat futures open the week under pressure on Friday’s poor closes and overnight pressure. Cattle futures are firmer on USDA’s Cattle Inventory Report, out Friday. Hog futures are mildly softer.
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Most farmers don’t need an incentive to do the right thing, says guest blogger Gabriel Carballal.