Agriculture News
U.S. dollar index falls to lowest level since February as President Trump eyes early Fed chair announcement.
Corn, soybeans and wheat mostly favored the downside during the overnight session.
June Rural Mainstreet Index moves above growth neutral.
Underlying data continues to paint a bullish supply picture for cattle market.
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Soybean sales rose noticeably during the week ended June 12, surpassing pre-report estimates. Corn sales rose 14% from the previous week.
Extreme heat will stress crops in the driest areas, though no extending blocking pattern is expected.
Cash corn, soybean and wheat prices are well under year-ago levels.
The Seasonal Drought Outlook shows the greatest area of risk for dryness is Nebraska, along with portions of southern South Dakota and far northern Kansas through September.
Soybean basis dropped sharply over the past week.
USDA is launching an $8.5 million sterile fly dispersal facility in southern Texas and unveiling a sweeping five-part plan to boost surveillance, response and eradication efforts at the border and beyond.