Latest News From Agriculture News

Export sales for all three were within expectations, with corn sales of nearly 1.1 MMT and soybean sales of almost 1.3 MMT.

Two-sided price action was seen in corn and wheat futures overnight, while soybeans were firmer for much of the session, but all three are weaker this morning.

Oklahoma saw the most drought improvement, with coverage in the state declining five percentage points over the past week.

Ethanol prices surge above $3, more than double last year's level.

Government offices are closed for the federal Veterans Day holiday. Markets are open.

Soybean basis firmed 6 1/4 cents over the past week to a penny above January futures.

The surge in consumer prices came a day after data showed producer prices also jumped sharply in October.

Corn futures extended their gains but failed to clear yesterday’s highs. Wheat futures were mostly firmer overnight

USDA lowered its soybean crop by 23 million bu., whereas traders expected a 36-million-bu. increase.

Projected U.S. ending soybean stocks up less than expected.

Spring wheat futures led overnight gains in light trade ahead of USDA's November crop reports later this morning.

The HRW rating is well below the five-year average, while the SRW rating is still above its norm for early November.

Soybean inspections topped 2.6 MMT the week ended Nov. 4.

Grain and soy complex futures are under pressure to open the week. Live cattle futures opened weaker but have since reversed course and lean hog futures opened firmer but have turned mildly softer.

Short-term trend turns up for live cattle and sideways for hogs.

Grain and soy complex futures posted quiet, two-sided trade overnight as traders start to prepare for Tuesday's November crop reports from USDA.

Projections of note for the 2022-23 marketing year.

The bigger crop estimate is expected to increase the 2021-22 bean ending stocks projection. But traders see corn carryover declining a little, as ethanol use is likely to rise.

Beef exports to China are up more than 700% this year, while pork shipments are down 37%.

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Corn and wheat futures are posting mild corrective gains early this morning.

Our updated monthly and quarterly forecasts, including the first outlook for second quarter 2022.

USDA says 43% of U.S. winter wheat areas are experiencing drought conditions, unchanged from the previous week.

Soybean sales totaled nearly 1.9 MMT, while corn sales topped 1.2 MMT.

Corn and wheat futures halted their corrective pullbacks from the two previous days overnight, but soybeans extended Wednesday’s declines.

Soybean basis firmed despite the rollover to the January contract, which is around 13 cents above November.

As was widely expected, the Federal Reserve will begin dialing back its asset purchases by $15 billion per month, starting later in November.

Spring wheat futures led gains in the grain and soy complex overnight.

Decline in the HRW crop was led by Texas, though crops in Kansas, Colorado, Nebraska and Montana also dropped.

Chip Flory and Jim Wiesemeyer recap last week's Day of Ethanol on AgriTalk and discuss where other fossil fuels may stand. Plus when will the latest Infrastructure bill(s) be voted on in the House?

Corn and soybean export inspections met expectations, with soybean shipments near the high end of pre-report estimates.

Wheat futures are sharply higher with corn higher on spillover support. Soybeans are working on a recovery from overnight pressure. Live cattle futures are firmer and lean hogs are slightly higher to start the week.

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

Spillover from surging wheat futures supported corn overnight, while soybeans faded.

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USDA Secretary Tom Vilsack joins Chip Flory and Jim Wiesemeyer to discuss the updated Build Back Better framework and what it means for U.S. agriculture, including money invested for biofuels and conservation.

Corn and soybeans modestly extended this week's price gains overnight but didn't take out Thursday's highs.

The U.S. Drought Monitor shows much of HRW areas are covered by dryness/drought, while virtually no abnormally dry conditions and no drought are noted across the SRW states

Soybean export sales slowed dramatically from the previous week but weekly shipments increased.

Cash corn and soybean prices rebound.

No clear price tone developed overnight as grain and soy futures held in tight trading ranges.

Corn and soybean basis firms seasonally as harvest pressure eases.

Commodity markets faced pressure overnight on renewed macroeconomic concerns amid new Covid outbreaks in China with grain and soy futures pressured by the broad-based selling.

Both the present situation index and the expectations index surprisingly rose this month.

HRW rating is 8.5 points below average, while the SRW rating is 4.4 points above normal.

This week we welcome special guest David Wasserman, Senior Editor, U.S. House of Representatives for The Cook Political Report. David shares his perspective on potential outcomes of national elections.

Soybean inspections slowed from the previous week but were about as expected.

Soybeans are leading gains in the grain markets with livestock futures also higher to start the week.

December HRW and December HRS futures posted new contract highs overnight.

USDA’s Cold Storage Report showed beef stocks increased a little more than is typical during September, while the build in pork stocks was a little shy of normal.