Latest News From Agriculture News

Cash soymeal prices continue to rise.

Dry conditions worsen in HRW, improve in SRW

Soybeans, wheat and soymeal within expectations

Soybean futures pulled back from Wednesday’s gains overnight, while corn and wheat faced followthrough selling.

Boxed beef prices strengthened over the past week, while the cash cattle price weakened.

The wheat market had the biggest reaction to the data as winter wheat seedings topped expectations, while U.S. and global wheat ending stocks increased from last month.

Increases U.S. corn, soybean and wheat carryout

Corn, soybeans and wheat held in tight trading ranges overnight as traders await USDA’s January crop reports later this morning.

The quarterly survey conducted by the Federal Reserve Bank of Dallas finds strong gains in Texas ranch and cropland.

Corn, soybeans and wheat held in relatively tight trading ranges in quiet overnight price action.

USDA’s January crop reports tend to swiftly move markets since there’s so much data.

Corn and wheat within expectations

Aside from wheat, chart trends for grain and soy complex futures remain bullish.

Wheat futures are trading low range this morning, while corn and soybeans are near midrange.

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Our updated monthly and quarterly price forecasts.

Wheat futures extended their sharp price drop overnight, while corn and soybeans also declined.

Slight deterioration in HRW, improvement in SRW

Corn, wheat and soybean export sales below expectations

Soybean futures are posting double-digit losses this morning but are off their overnight lows.

Cash livestock/meat prices start 2022 well above year-ago.

Farmers National Company reports farmland values surged in the last half of 2020.

Wheat futures erased most or all of Tuesday’s gains overnight, while corn and soybeans mildly favored the downside.

Too much heat and dryness across southern Brazil and northeastern Argentina, along with too much rain in some areas of central and northeastern Brazil continues to curb South American crop production prospects.

Individual state crop conditions ratings released on Monday showed major deterioration of the HRW wheat crop during December.

Soybean futures built on Monday’s gains overnight, while corn and wheat mildly rebounded from yesterday’s losses.

Corn, wheat and soybean exports down from previous week

Government offices in Washington shuttered; NASS reports still expected to be released.

The first trading session of the new year started with a bang as soy futures led overnight gains in the grain and soy complex.

Corn, soybeans and wheat traded both side of unchanged in light price action to kick off the last trading day of the year.

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Kansas, Oklahoma and Texas drought conditions worsen

Wheat, soybean, soymeal and soyoil export sales were all below market expectations.

Soybeans and corn are trading lower and near session lows this morning, while wheat futures are mostly weaker.

Cash soybean prices jumped sharply.

Corn, soybean and wheat futures are trading near session lows this morning as markets extend Tuesday’s weaker (and low-range) closes.

A slow weakening of the La Nina weather pattern is expected in January, but its influence on South American weather will likely continue without much change into at least mid-January.

Soybean basis slipped again, but remains well above the three-year average.

March soybean futures reached the highest level overnight since mid-July, as the strong rally was extended.

wheat inspections mildly increased but remain slow.

Intermediate term trend is now up for soybeans.

Corn, soybean and wheat futures extended their recent rallies overnight as traders returned from the extended Christmas holiday weekend.

USDA estimates there were 11.985 million head of cattle in large feedlots (1,000-plus head) as of Dec. 1, down 51,000 head (0.4%) from both year-ago and the average pre-report estimate.

USDA estimates the U.S. hog herd at 74.201 million head as of Dec. 1, down 3.111 million head (4.0%) from last year.

U.S. Drought Monitor shows 58% of the U.S. winter wheat crop area is covered by drought conditions as of Dec. 21.

Soymeal and soyoil export sales came in above expectations.

Grain and soy futures posted light, two-sided trade overnight in thin pre-holiday price action.

Beef stocks rose contra-seasonally in November. Pork stocks declined, as is normal, but not nearly as much as the five-year average.

Cash soybean meal prices surge above $400 but are still slightly below year-ago.

EPA is currently evaluating the use of dicamba and whether it can be sprayed on GMO cotton and soybean plants with resistance to the chemical.