Agriculture News
Only Montana, Indiana and North Carolina showed improvement since last fall.
Weekly wheat inspections led the decline, dropping 166,621 MT during the week ended April 4, followed by corn (down 64,079 MT) and soybeans (down 8,799 MT).
Soybeans, livestock and equities markets hit hardest by trade concerns.
Seller interest is limited for grains and oilseeds with wheat futures working slightly higher. Livestock markets are lower with markets subject to expanded trading limits today...
Price trends for many ag and outside markets are now bearish.
Corn futures favored the downside overnight, while soybeans have firmed this morning and wheat is narrowly mixed.
Corn and beans remain volatile amid tariff announcements.
Weekly wheat sales during the week ended March 27 were more than triple the previous week’s figure, exceeding the pre-report range, while corn and soybean sales rose 13% and 21%, respectively.
USDA estimates 95.326 million corn acres will be planted this spring, nearly a million acres above the average pre-report estimate. Soybean and wheat plantings were slightly below expectations. March 1 corn stocks met analysts’ expectations, while wheat and bean stocks were slightly above.
Markets keened in on Monday’s reports for most of last week with fresh catalysts at hand.
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USDA will issue its Prospective Plantings and Grain Stocks Reports
Preliminary survey results find stronger pasture and hayland values.
Grains weaken ahead of Monday’s USDA reports, looming tariffs.
All categories came in below the average pre-report estimates.
Corn prices are still above year-ago, while soybeans and wheat are below last year’s levels.
Annual land pro survey find weakening for top-quality soils
Weekly corn, soybean and wheat sales each slid on the week, though exports were quite notable, with soybeans rising 56% from the previous week to 922,100 MT.