Agriculture News
![“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/751b792/2147483647/strip/true/crop/840x560+0+20/resize/1000x667!/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)
That said, sales of most commodities were in line with expectations and the only net sales reduction was for soyoil.
Inspections for corn, soybeans and wheat were in line with expectations.
Corn soybean and spring wheat futures are mildly higher this morning. Cattle futures are mostly weaker with hog futures off to a firmer start to the week.
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Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Find expectations for USDA’s July 12 Crop Production and WASDE reports.
Drought and frost have taken a toll on the late-planted crop.
“Another week of hot, dry weather in the Pacific Northwest, Northern Rockies, Northern Plains, and Upper Midwest led to the expansion of drought conditions,” today’s National Drought Monitory summary says.
Corn and soybean basis both pull back after last week’s surge.
Quarterly survey of ag bankers finds optimism across Texas.