Agriculture News
Corn sales during the week ended Sept, 18 totaled 1.923 MMT, according to USDA, which topped analysts’ pre-report range.
RMI Negative for Seventh Time this Year.
Corn and soybean acres in drought increased again this week
USDA reported weekly corn sales totaled 1.23 MMT, while soybean sales stood at 923,000 MT.
Wheat exports are performing stronger than in recent years
Dry and hot weather in major growing areas were the drivers for deteriorating condition
The crop is drying down rapidly, given the weather conditions across much of the country. Agronomists are concerned farmers will combine fields too late and advise starting at 13% moisture or even higher.
The largest increase for USDA’s corn acreage estimate in 30 years
Corn, soybean and wheat inspections were up notably on the week, each surpassing analysts’ pre-report range of expectations.
The team takes a look at Friday’s USDA Crop Production and WASDE reports
Corn futures are under light pressure with wheat futures slightly higher to unchanged and soybeans up a few cents. Livestock futures are moderately higher to start the week...