Latest News From Agriculture News

Soybean basis remains well above average.

Two-sided trade was seen overnight, with wheat and soybeans firmer amid corrective buying this morning, while corn is trading just below unchanged.

HRW crop is still rated well below its five-year average, while the SRW crop is slightly above normal.

Corn inspections were near the middle of expectations, while soybean inspections were at the lower end of what traders anticipated.

Wheat and corn futures are under heavy pressure coming out of the holiday weekend amid reports Russia will work with Turkey to facilitate Ukrainian grain exports.

Short-term trend turns up for hog futures.

Wheat futures faced heavy pressure coming out of the extended weekend, which pulled corn lower. Soybeans were firmer overnight.

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Trading ranges were much tighter overnight than recent days in corn, soybean and wheat futures.

USDA Secretary Tom Vilsack at Thursday’s Senate Ag Committee hearing discussed a wide array of topics critical to the ag sector and impacts to farmers.

Recent rains have eased drought in the Southern and Central Plains, but the relief is too late for much of the crop.

Cash wheat prices fall sharply but still well above year-ago.

Old-crop corn export sales were a marketing-year low. New-crop sales were light, too.

Wheat and corn futures faced heavy selling pressure overnight but remained above Wednesday’s lows. Selling in soybeans was lighter.

Soybean basis continues to charge higher and is well above the three-year average.

Wheat futures sharply extended Tuesday’s hefty losses in overnight trade. Corn and soybeans followed wheat lower.

Spring wheat futures led gains in the wheat markets overnight as planting progress fell shy of expectations. Soybeans firmed, while corn traded slightly lower overnight.

The HRW crop is still well below its five-year average, while the SRW crop is now rated above normal.

Beef stocks declined less than normal in April, while frozen pork inventories climbed more than average. Total red meat and poultry stocks rose around 16% from last year.

Corn export inspections topped the upper end of trade expectations at nearly 1.7 MMT.

Short-term trends turn bullish for soybeans and soymeal.

Wheat futures posted strong corrective gains overnight, while the corn and soybean markets followed to the upside.

USDA's estimated April placements down 0.9% from last year, whereas traders expected a 4.6% decline, on average.

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Wheat futures faced followthrough selling pressure overnight, while corn also traded lower. Soybeans have turned mixed after earlier weakness.

The Rural Mainstreet Index finds loan volumes up on increased input costs.

Big weekly gains in cash prices for corn, soybeans and wheat.

Drought still covers two-thirds of U.S. winter wheat area.

If the forecast verifies, it suggests crop stress could develop across the western Corn Belt and persist in the Southern Plains

China continues to buy sizable quantities of U.S. old-crop soybeans, accounting for more than half of the weekly total.

Wheat and corn futures faced continued pressure from Wednesday’s losses overnight, while soybeans traded mixed.

SRW and HRW wheat basis weakens amid strong rally in cash prices.

Wheat futures gapped higher overnight but reversed lower and are under heavy pressure this morning. Corn and soybeans also traded lower.

HRW CCI rating drops to the lowest of the year, while the SRW rating improved to its highest of the spring.

Soybean inspections continue to run stronger than normal for this time of year.

Short-term trend turns bullish for SRW wheat.

Wheat gapped higher, with HRW and HRS futures moving to new contract highs after India’s ban on wheat exports. Corn and soybeans also posted strong gains.

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Quarterly surveys from Federal Reserve Banks confirm strong gains in farmland values.

Spring wheat futures built on Thursday’s limit-up performance overnight, while corn and soybeans also traded higher. Winter wheat futures eased a bit from yesterday’s strong gains.

Wheat prices post strong weekly gains.

Based on U.S. Drought Monitor data as of May 10, 68% of the U.S. winter wheat crop area was experiencing drought, down one percentage point from the previous week.

Wheat futures rocketed higher on the bullish report data.

Weekly old-crop corn and soybean export sales were a marketing-year low. Beef export sales were a high for the year and pork sales were also strong.

Soybeans and wheat pulled back from Wednesday’s gains, while corn was mostly firmer overnight. Trade was quiet as traders await USDA’s May crop reports later this morning.

Basis firmed for both corn and soybean and is well above futures.

Iowa State University survey pegs statewide average cash rent at $256 per acre.

Corn, soybean and wheat futures built on Tuesday’s gains overnight amid supportive outside markets.

USDA’s May 12 Supply & Demand Report will be the first official release of balance sheets for 2022-23, along with usage adjustments for the old-crop marketing year.

Corn, soybean and SRW wheat futures recouped a portion of Monday’s losses overnight. HRW and HRS futures firmed more than they lost yesterday.