Agriculture News
A stalled frontal boundary brought widespread, heavy rain and flash flooding to parts of the lower Midwest. But the Upper Midwest largely missed out on the heaviest rains, maintaining drought concerns.
The bulk of these big new-crop soybean sales was known via USDA’s daily reporting service. Old-crop sales were light, as expected, but they were able to stay in positive territory.
Corn and soybean basis surges on the rollover in contracts, but cash prices also soar.
Corn planted acres climbed from March intentions, but by around 1.1 million acres less than analysts expected. USDA’s June 1 stocks estimates came in on the friendly side of expectations for corn, soybeans and wheat.
Analysts surveyed by Reuters did a pretty good job anticipating Statistics Canada’s planted acreage adjustments.
Find highlights from today’s weekly USDA Crop Progress and Condition Report.
The corn and soybean CCI ratings were little changed over the past week, but the spring wheat crop continues to deteriorate.
June 1 grain stocks will be down sharply, but history signals there could be surprises.
Proposition 12 imposes what opponents claim is arbitrary animal housing standards that reach far outside of California’s borders to farms across the country, and bans the sale of pork that does not meet those standards.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.