Latest News From Agriculture News

U.S. bean and corn carryout stocks decreased, wheat increased

Winter wheat futures traded sharply lower overnight but generally held above Tuesday’s lows. Soy complex futures traded sharply higher. Corn mildly favored the downside.

May SRW wheat is higher this morning after extremely volatile trade overnight, but other wheat contracts and corn are lower. Soybeans are firmer.

All three within expectations

USDA on Wednesday should increase U.S. corn and wheat exports to reflect major uncertainties with Black Sea grain shipments.

Short-term chart trends turn bearish for live cattle and feeder cattle.

The most actively traded winter wheat contracts are up their new 85-cent daily trading limit, while May and July spring wheat futures are up their 60-cent limit. Corn and soy complex futures are also sharply higher.

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Surging prices rekindle food vs. fuel debate

Winter wheat futures locked up their 75-cent daily trading limit overnight, while spring wheat rose its 60-cent limit. Corn traded sharply higher, while soybeans posted just slight gains.

Our updated monthly and quarterly price forecasts.

Kansas drought area increases

Cotton, beef and pork export sales increase

May contracts for all three wheat markets topped $11 overnight, though HRS futures have since retreated below that level. Soybeans are firmer, while corn is mostly higher this morning.

SRW wheat basis firmed and HRW basis didn't drop too much given the surge in futures.

Winter wheat futures are sharply higher this morning in followthrough buying, though well off their overnight highs. Spring wheat is mixed, while corn and soybeans are lower.

Chip Flory and Jim Wiesemeyer discuss the Putin's attack on Ukraine and the domino effect to the economy, including energy prices and trade. Plus they preview President Biden's State of the Union address

Winter wheat futures surged above last week’s highs amid disruptions to Black Sea wheat exports. May corn futures traded near their highs, while soybeans and spring wheat remained well below last week’s peaks.

All three within expectations

Short-term chart trend for wheat turns bullish.

Grain and soy markets posted strong gains overnight, led by wheat, amid increased anxiety with the Russia/Ukraine crisis.

The figures for Feb. 1 feedlot inventory and January placements and marketings were in line with pre-report expectations.

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Corn, wheat and soybeans export sales above expectations

Wheat and corn futures retreated from yesterday’s strong gains, while soybeans saw followthrough selling overnight after a weak finish Thursday.

Cash soybean prices continued to surge.

A one-point change from last week.

Corn and wheat futures are trading limit up in most contracts, while soybeans are sharply higher in reaction to Russia's invasion of Ukraine. Front-month U.S. crude oil futures are nearly $7 higher.

Corn, soybean and wheat basis held or firmed over the past week despite surging futures prices.

Individual state crop condition ratings showed further deterioration of the HRW wheat crop during February.

Soybean futures posted contract highs overnight, while the wheat and corn markets faced light profit-taking after Tuesday’s rallies.

USDA’s Cold Storage Report showed a smaller-than-normal build in frozen pork stocks during January, while beef stocks rose versus a normal small decline during the month.

Wheat above expectations, corn and beans within expectations

Grain and energy markets had a big price response overnight to escalating tensions between Russia and Ukraine as U.S. markets reopened following the three-day weekend.

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Old-crop soybeans poked above $16 overnight, but key is whether there’s sustained buying above that level – something that hasn’t happened the two previous times.

Monthly rural banker survey finds plenty of positives but worries about input costs.

Cash soybean prices drop but remain historically strong at over $15.

The 90-day forecast continues to give elevated odds of above-normal temps across HRW areas. Below-normal precip also is likely over all but far eastern areas of the Central and Southern Plains.

Drought area increases by one point

Soybean, cotton export sales drop

Buyer interest built throughout the overnight session in the soybean and soymeal markets and futures are trading near session highs this morning.

Soybean basis slipped a little over the past week, as farmer selling likely picked up, but remains stronger than average.

Soybeans regained most of Tuesday’s losses overnight, while corn and wheat recouped only a fraction of their declines.

Conditions in southern Brazil are worse than expected and there may be additional yield losses due to drought.

Soybeans extended Monday’s declines overnight, while the winter wheat markets were pressured by an apparent easing of tensions between Russia and Ukraine. Corn followed the other two markets lower.

Soybean inspections drop, but within expectations

Kansas City Fed finds new highs posted in Central Plains farmland values.

No changes to short-term trends for ag markets this week.

Soybeans started firmer overnight but buyer interest dried up and selling pressure mounted, with futures near session lows this morning. Corn followed soybeans lower, while wheat mildly firmed.