Latest News From Agriculture News

Midweek Cash Markets | December 20, 2023
Midweek Cash Markets | December 20, 2023

Basis firmed for soybeans and is now positive.

First Thing Today | December 20, 2023
First Thing Today | December 20, 2023

Corn, soybean and wheat futures traded narrowly on either side of unchanged during quiet overnight price action.

First Thing Today | December 19, 2023
First Thing Today | December 19, 2023

Soybeans erased Monday’s gains during overnight trade, while corn and the winter wheat markets faced mild followthrough selling.

Soybean, corn export inspections at top end of pre-report expectations
Soybean, corn export inspections at top end of pre-report expectations

Wheat inspections were near the middle of the expected range.

Chart Trends | December 18, 2023
Chart Trends | December 18, 2023

Short-term trend turns bearish for U.S. dollar index.

First Thing Today | December 18, 2023
First Thing Today | December 18, 2023

Corn modestly favored the downside overnight, while soybeans and wheat failed to sustain early price strength and have weakened this morning.

Ethanol Plant
Updated GREET model to be used for SAF credits

The Biden administration will use the GREET model for determining SAF credits, but will update the methodology by March 1.

First Thing Today | December 15, 2023
First Thing Today | December 15, 2023

Corn, soybeans and wheat traded on both sides of unchanged in a quiet overnight session.

Weekly wheat sales reach marketing-year high
Weekly wheat sales reach marketing-year high

Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China's purchases totaled 1.12 MMT during the week.

First Thing Today | December 14, 2023
First Thing Today | December 14, 2023

Corn and wheat futures posted mild corrective gains throughout the overnight, while soybeans traded on both sides of unchanged.

Midweek Cash Markets | December 13, 2023
Midweek Cash Markets | December 13, 2023

Basis firmed for both corn and soybeans

Market Watch | December 13, 2023
Market Watch | December 13, 2023

Cash ethanol and diesel prices continue to drop.

Fed continues pause, ‘dot plot’ projections swing dovish
Fed continues pause, ‘dot plot’ projections swing dovish

New economic projections show a notable shift in tone and outlook to dovish.

First Thing Today | December 13, 2023
First Thing Today | December 13, 2023

Corn, soybeans and wheat all traded solidly to the downside during overnight trade.

Iowa Farmland Values Post 4% Gain in 2023
Iowa Farmland Values Post 4% Gain in 2023

Annual Iowa State University survey finds farmland values rose in first half 2023, plateaued by end of year.

Ahead of the Open | December 12, 2023
Ahead of the Open | December 12, 2023

Corn and wheat are expected to open higher amid corrective buying, with soybeans likely to face light profit-taking.

First Thing Today | December 12, 2023
First Thing Today | December 12, 2023

Soybean futures built on Monday’s gains during the overnight session, while corn and wheat firmed amid corrective buying.

Weekly corn inspections notch notable weekly decline
Weekly corn inspections notch notable weekly decline

Corn and soybean inspections during week ended Dec. 7 declined 464,719 MT and 188,847 MT, respectively, while wheat inspections rose nearly 95,000 MT.

Ahead of the Open | December 11, 2023
Ahead of the Open | December 11, 2023

Beans are expected open higher, wheat lower and corn near unchanged.

Chart Trends | December 11, 2023
Chart Trends | December 11, 2023

Short-term trend turns bullish for SRW wheat.

First Thing Today | December 11, 2023
First Thing Today | December 11, 2023

Soybeans traded higher amid corrective buying overnight, while corn and wheat favored the downside.

PF Report Reaction: As expected, no major changes from USDA
PF Report Reaction: As expected, no major changes from USDA

USDA cut corn, wheat and cotton ending stocks, while leaving soybean carryover unchanged.

Report Snapshot: global corn, soybean carryover proves hefty
Report Snapshot: global corn, soybean carryover proves hefty

Global carryover for corn and soybeans each surpassed pre-report expectations by 1.8 MMT and 1.5 MMT, respectively, largely neutralizing the lower-than-expected U.S. corn carryover.

First Thing Today | December 8, 2023
First Thing Today | December 8, 2023

Corn, soybeans and wheat held in relatively tight trading ranges overnight ahead of USDA’s December crop reports later this morning.

Ahead of the Open | December 7, 2023
Ahead of the Open | December 7, 2023

Corn and soybeans are expected to open lower, with wheat likely to see a mildly varied start (winter wheat markets lower, spring wheat higher) to daytime trade.

Another week of notable corn sales
Another week of notable corn sales

Corn sales during week ended Nov. 30 totaled 1.3 MMT, while shipments reached a marketing-year high. Soymeal and soyoil shipments during the week also notched marketing-year highs.

First Thing Today | December 7, 2023
First Thing Today | December 7, 2023

Early seller interest faded overnight, with corn, soybeans and wheat all trading solidly higher early this morning.

Market Watch | December 6, 2023
Market Watch | December 6, 2023

Big weekly increases in cash wheat, corn prices.

Midweek Cash Markets | December 6, 2023
Midweek Cash Markets | December 6, 2023

SRW wheat basis firmed despite the surge in cash price.

First Thing Today | December 6, 2023
First Thing Today | December 6, 2023

Corn and wheat extended their recent rallies overnight, while soybeans firmed amid a corrective rebound.

Farmer sentiment improves amid stronger financial conditions
Farmer sentiment improves amid stronger financial conditions

November’s 12-point rise in the Current Conditions Index to a reading of 113 was primarily responsible for this month’s sentiment improvement as the Index of Future Expectations only improved by 2 points.

First Thing Today | December 5, 2023
First Thing Today | December 5, 2023

Corn, soybeans and wheat traded on both sides of unchanged while holding in tight ranges during the overnight session.

Weekly corn inspections prove solid
Weekly corn inspections prove solid

Weekly corn inspections during week ended Nov. 30 totaled 1.16 MMT, exceeding the pre-report range by nearly 260,000 MT, while wheat and soybean inspections each fell short of respective pre-report ranges.

Chart Trends | December 4, 2023
Chart Trends | December 4, 2023

Short-term trend turns bearish for soymeal.

First Thing Today | December 4, 2023
First Thing Today | December 4, 2023

Corn and soybeans traded lower through the overnight session, while wheat firmed this morning after earlier losses

First Thing Today | December 1, 2023
First Thing Today | December 1, 2023

Selling pressure built through the overnight session, with corn, soybeans and wheat trading near session lows earlier this morning.

Market Watch | November 30, 2023
Market Watch | November 30, 2023

Our updated monthly and quarterly price forecasts.

Weekly corn sales reach marketing year high at 1.9 MMT
Weekly corn sales reach marketing year high at 1.9 MMT

Weekly corn, soybean and wheat sales for week ended Nov. 23 each topped pre-report expectations and rose notably from the previous week.

First Thing Today | November 30, 2023
First Thing Today | November 30, 2023

Corn, soybeans and wheat again traded in relatively tight ranges during a quiet overnight session.

Midweek Cash Markets | November 29, 2023
Midweek Cash Markets | November 29, 2023

Basis remains well below average for corn and soybeans.

Birds impacted by HPAI quadruple in November
Birds impacted by HPAI quadruple in November

In November, approximately 5.78 million birds have been affected by bird flu, a substantial rise from the 1.37 million reported in October.

First Thing Today | November 29, 2023
First Thing Today | November 29, 2023

Corn, soybeans and wheat held in relatively tight ranges during a quietly traded overnight session.

First Thing Today | November 28, 2023
First Thing Today | November 28, 2023

Corn, soybeans and wheat firmed amid mild corrective buying during overnight trade.

HRW CCI rating inches up, SRW slips
HRW CCI rating inches up, SRW slips

The final CCI rating ahead of dormancy was equal to the five-year average for HRW and 14.8 points above average for SRW.

Weekly export inspections fade from week-ago
Weekly export inspections fade from week-ago

Weekly corn inspections missed the pre-report range and fell nearly 200,000 MT from the previous week, while wheat fell nearly 90,000 MT and soybeans nearly 190,000 MT.

Chart Trends | November 27, 2023
Chart Trends | November 27, 2023

Short-term trend turns bearish for lean hog futures.

First Thing Today | November 27, 2023
First Thing Today | November 27, 2023

Corn, soybeans and wheat firmed amid mild corrective buying during overnight trade.