Agriculture News
Various programs and reports are on hold. Among them are EQIP and SDRP. Also in jeopardy of being delayed or cancelled is the October WASDE, due this Thursday.
USDA reported quarterly corn stocks data as of Sept. 1 were nearly 200 million bu. higher than the average analyst estimate, while soybeans were slightly below. Wheat production also surpassed pre-report expectations.
National soybean good to excellent ratings up 1%
Weekly corn inspections are outpacing year-ago by more than 50%.
The team discusses Argentine soy purchases by China and what to expect in this week’s Grain Stocks Report.
Drought relief came to the plains, while dryness expanded in the eastern corn belt again
Corn sales during the week ended Sept, 18 totaled 1.923 MMT, according to USDA, which topped analysts’ pre-report range.
Weak profit margins may limit benefits of lower rates for financially stressed farmers.
Corn fell 1.7 points on the CCI, while soy fell just 1.2 from last week
Davis, Hillari and Spencer discuss the impressive pace of wheat exports and China’s continued absence from the U.S. soy market.