Latest News From Agriculture News

First Thing Today | February 7, 2024
First Thing Today | February 7, 2024

Corn futures fell to contract lows overnight, while soybeans posted double-digit losses and wheat followed to the downside.

Weaker commodity prices reduce farmer sentiment
Weaker commodity prices reduce farmer sentiment

Declining prices for key commodities weighed on agricultural producer sentiment in January.

First Thing Today | February 6, 2024
First Thing Today | February 6, 2024

Corn, soybeans and wheat traded in narrow ranges in two-sided price action overnight but have adopted a mostly firmer tone this morning.

Strong weekly soybean inspections; corn shy of expectations
Strong weekly soybean inspections; corn shy of expectations

Weekly soybean inspections during the week ended Feb. 1, rose more than 500,000 MT from the previous week and above the pre-report range. Meanwhile, corn inspections dropped 300,000 MT on the week.

Chart Trends | February 5, 2024
Chart Trends | February 5, 2024

Few changes in short-term trends this week.

First Thing Today | February 5, 2024
First Thing Today | February 5, 2024

Soybeans posted light two-sided trade overnight, while the corn and wheat markets weakened.

First Thing Today | February 2, 2024
First Thing Today | February 2, 2024

Corn, soybeans and wheat faced light selling pressure early in the overnight session but have firmed this morning with wheat leading the move higher.

Market Watch | February 1, 2024
Market Watch | February 1, 2024

Our updated monthly and quarterly price forecast, including the first outlook for the third quarter.

Weekly soybean sales touch marketing-year low
Weekly soybean sales touch marketing-year low

Weekly soybean sales during the week ended Jan. 25 missed the pre-report range by over 330,000 MT, while soymeal sales exceeded expectations. Corn and wheat sales were within pre-report estimates.

First Thing Today | February 1, 2024
First Thing Today | February 1, 2024

Corn, soybeans and wheat kicked off the new month with a round of fresh selling during the overnight session.

Midweek Cash Markets | January 31, 2024
Midweek Cash Markets | January 31, 2024

Corn and soybean basis remained positive but slightly below average for this time of year.

Cattle Inventory Report neutral compared to expectations
Cattle Inventory Report neutral compared to expectations

The underlying data was bullish as the U.S. cattle herd contracted further — and will continue to do so.

First Thing Today | January 31, 2024
First Thing Today | January 31, 2024

Corn, soybeans and wheat pulled back from Tuesday’s strong corrective gains during overnight trade.

Ripple Effects of Shipping Disruptions on U.S. Agriculture
Ripple Effects of Shipping Disruptions on U.S. Agriculture

A study from Sandro Steinbach and Yasin Yildirim of North Dakota St. Univ. and Xiting Zhuang of the University of Connecticut exams the current challenges in global shipping and their direct impact on U.S. agriculture.

HRW crop ratings show more improvement in January
HRW crop ratings show more improvement in January

HRW crop ratings improvements over the past month were led by top producer Kansas and Nebraska.

First Thing Today | January 30, 2024
First Thing Today | January 30, 2024

Corn, soybeans and wheat extended Monday’s losses during the overnight session.

Malanga: Gov’t Expects Slower GDP Growth and Low Inflation; Rate Cuts Possible in the Future
Malanga: Gov’t Expects Slower GDP Growth and Low Inflation; Rate Cuts Possible in the Future

Malanga notes the possibility of the Federal Open Market Committee (FOMC) considering a rate cut in March if labor market weakness becomes apparent.

Weekly wheat inspections shy of pre-report range
Weekly wheat inspections shy of pre-report range

During the week ended Jan. 25, weekly wheat and soybean inspections were down from the previous week, while corn inspections rose 155,000 MT.

Chart Trends | January 29, 2024
Chart Trends | January 29, 2024

Short-term trend turns bullish for lean hog futures.

First Thing Today | January 29, 2024
First Thing Today | January 29, 2024

Corn, soybeans and wheat faced increased selling pressure during overnight price action and are trading near session lows this morning.

First Thing Today | January 26, 2024
First Thing Today | January 26, 2024

Corn and soybeans faced followthrough selling overnight, while wheat retreated from recent gains.

USDA inches up 2024 food price forecast
USDA inches up 2024 food price forecast

That would still be the smallest annual increase in overall food prices since they rose 0.9% in 2017.

Weekly soybean sales shy of expectations
Weekly soybean sales shy of expectations

Weekly soybean sales during the week ended Jan. 18, missed the low-end pre-report estimate by 140,000 MT and were down 28% from the previous week.

First Thing Today | January 25, 2024
First Thing Today | January 25, 2024

Corn, soybeans and wheat held in tight ranges in light overnight price action.

Midweek Cash Markets | January 24, 2024
Midweek Cash Markets | January 24, 2024

Basis and cash prices firmed for corn and soybeans.

Market Watch | January 24, 2024
Market Watch | January 24, 2024

Cash corn and soybean prices rose for the first time in a month.

First Thing Today | January 24, 2024
First Thing Today | January 24, 2024

Corn, soybeans and wheat modestly extended recent corrective gains during the overnight session.

First Thing Today | January 23, 2024
First Thing Today | January 23, 2024

Corn, soybeans and wheat are mildly favoring the upside this morning after trading narrowly on either side of unchanged overnight.

Weekly Corn, soybean inspections fade from previous week
Weekly Corn, soybean inspections fade from previous week

During the week ended Jan. 18, weekly corn and soybean inspections dropped 233,127 MT and 117,068 MT, respectively, while wheat inspections rose 72,112 MT from the previous week's totals.

Chart Trends | January 22, 2024
Chart Trends | January 22, 2024

Short-term trend turns bullish for cotton, remains bearish for corn, soybeans and wheat

First Thing Today | January 22, 2024
First Thing Today | January 22, 2024

Corn, soybeans and wheat traded on both sides of unchanged during the overnight session but are mostly weaker this morning.

Cattle on Feed Report in line with pre-report expectations
Cattle on Feed Report in line with pre-report expectations

All three categories virtually matched the average pre-report estimates.

Solid weekly corn, wheat sales surpass expectations
Solid weekly corn, wheat sales surpass expectations

USDA reported weekly export sales of 1.25 MMT during the weekend ended Jan. 11, exceeding the top end pre-report range by 50,000 MT, while wheat sales exceeded expectations by 200,000 MT.

First Thing Today | January 19, 2024
First Thing Today | January 19, 2024

Corn, soybeans and wheat modestly extended Thursday’s corrective gains during the overnight session.

Bank
Pessimism Grows Over Rural Economy

Rural Mainstreet Index slips deeper into the red.

House Ag Chair Thompson wants to fast track farm bill for 2024 passage
House Ag Chair Thompson wants to fast track farm bill for 2024 passage

Senate Ag Chair Debbie Stabenow crafting crop insurance plan with tough choices for farmers.

First Thing Today | January 18, 2024
First Thing Today | January 18, 2024

Corn, soybeans and spring wheat contracts traded higher overnight amid light corrective buying, while the winter wheat markets favored the downside.

Market Watch | January 18, 2024
Market Watch | January 18, 2024

Cash corn and soybean prices continue to drop.

Midweek Cash Markets | January 17, 2024
Midweek Cash Markets | January 17, 2024

Basis turns slightly positive for corn and soybeans as cash prices continue to drop.

First Thing Today | January 17, 2024
First Thing Today | January 17, 2024

Corn and soybeans favored the downside in two-sided trade overnight, while the winter wheat markets posted modest corrective gains.

Weekly soybean inspections climb on the week
Weekly soybean inspections climb on the week

USDA reported weekly export inspections of 1.264 MMT soybeans during the week ended Jan. 11, which rose 224,000 MT from the previous week. Meanwhile, corn and wheat inspections declined on the week.

Chart Trends | January 16, 2024
Chart Trends | January 16, 2024

Short-term trend for lean hog futures improves

First Thing Today | January 16, 2024
First Thing Today | January 16, 2024

Soybeans and wheat posted mild corrective gains overnight, while corn futures extended their price slide.

PF Report Reaction: Bearish reaction to USDA's barrage of January data
PF Report Reaction: Bearish reaction to USDA's barrage of January data

Most of the data was bearish compared to pre-report expectations.

Report Snapshot: USDA pegs huge corn, soybean crop
Report Snapshot: USDA pegs huge corn, soybean crop

USDA pegged total U.S. corn and soybean production at 15.342 billion bu. and 4.165 billion bu., respectively amid a 2.4 bu. and 0.7 bu. bump in the national corn and soybean average yield estimate from November.

First Thing Today | January 12, 2024
First Thing Today | January 12, 2024

Corn, soybeans and wheat traded higher overnight amid light corrective buying ahead of USDA’s January crop reports later this morning and support from rising crude oil tied to increased Middle East tensions.