Agriculture News
Announcement is “notice of intent to propose regulations” for 45Z, meaning some important details of interpreting the tax code will be left to the incoming Trump administration | No foreign-origin UCO can tap credit program
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Corn, beans post bullish reaction to USDA’s data.
USDA pegged the final corn yield at 179.3 bu. per acre, down 3.8 bu. from Nov, while the soybean yield was trimmed by 1 bu. per acre to 50.7 bpa. Quarterly corn, soybean stocks were also below expectations, while wheat seedings landed well above.
Corn and soybean sales during the week ended Jan. 2 were each down 40% from the previous week, while wheat sales dipped 21%.
Corn and soybeans extended Thursday’s gains during the overnight session, while wheat futures posted modest corrective gains.
Soybeans and wheat faced followthrough selling overnight, while corn futures pivoted around unchanged in quiet trade.
Corn, soybean and wheat basis remains below average.
Dec. 1 grain stocks have a history of providing market-moving surprises, especially for corn.
Farm Credit Services of America releases January appraisal update
Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during a quiet overnight session.
Declines in attitudes toward current conditions outpaced thoughts about future expectations for agriculture.
Corn and soybeans faced price pressure throughout the overnight session, while wheat rebounded from earlier weakness to trade mostly firmer.
Farmers National updates state of regional farmland markets
Wheat inspections rose 73,241 MT from the previous week to 412,342 MT for the week ended Jan. 2. Corn and soybean inspections each declined on the week.
Corn, soybeans and wheat are higher to open the week. Cattle futures are higher with lean hogs under pressure...
Corn, soybeans and wheat recouped a portion of last Friday’s sharp losses during the overnight session, led by double-digit gains in the soybean market.
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For the week ended Dec. 26, net corn sales were down 55% from the previous week, while soybean and wheat sales fell 51% and 77% from the previous week, each carving a new marketing-year low.