Agriculture News
The spring wheat CCI rating slipped a little.
Wheat inspections during the week ended July 18 slid 383,000 MT from the previous week, falling short of pre-report expectations.
Soybeans are sharply higher with milder gains in corn and wheat. Cattle futures are sharply higher to open the week and lean hogs are mildly favoring the upside...
No changes to short, intermediate or long-term trends.
Grains solidly higher overnight to open the week.
Data was mostly neutral, though the placements figure may support deferred live cattle futures.
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Cotton sales during the week ended July 11 totaled 27,200 RB, down 50% from the previous week and 74% from the four-week average, while old-crop corn sales were short of pre-report expectations.
Corn and beans lower, wheat mostly firmer overnight.
All three crops remain rated well above year-ago.
Wheat inspections during the week ended July 11 topped pre-report expectations and are outpacing year-ago by 26.3%. Corn inspections also proved noteworthy at 1.08 MMT.
Report data triggered mild corrective buying in corn and soybean futures.