Agriculture News
USDA’s Weekly Export Inspections data was within pre-report estimates, though corn and wheat inspections fell notably on the week, while soybean inspections rose slightly.
The Current Conditions Index fell 10.7% in August, while the Future Expectations Index declined 4.0%. The overall ag barometer was 1.7% lower than August 2022.
Corn and soybeans are expected to open with a weaker tone coming out of the holiday weekend, while wheat is likely to be mixed.
Corn, soybeans and wheat held in relatively tight ranges in two-sided trade overnight.
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Grain and soy futures are expected to open with a firmer tone to start the new month after corrective gains overnight.
The new month kicked off with corrective price gains in the grain markets overnight, led by soybeans.
Cash soybean prices mildly firmed while corn and wheat values dropped over the past week.
The overall drought footprint across the U.S. was unchanged, but corn, soybean and cotton areas worsened.
Corn is expected to open modestly higher on light corrective buying, while soybeans and wheat are likely to face price pressure.
Corn and soybeans posted two-sided trade overnight, while winter wheat futures were unable to build on yesterday’s corrective gains and spring wheat faced followthrough selling.
Corn and soybean basis falls ahead of harvest.
Farm managers’ mid-year farmland price trend report.
Corn, soybeans and the winter wheat markets are expected to open higher amid light corrective buying.
Corn, soybeans and the winter wheat markets traded higher overnight amid corrective buying, while spring wheat faced mild selling pressure.
Grain and soy futures are expected to open lower, with the exception of spring wheat.
Corn, soybeans and winter wheat markets traded lower overnight, while spring wheat was mixed.
Iowa and Nebraska led the CCI declines, while crops in Illinois improved.