Latest News From Agriculture News

The 90-day forecast from the National Weather Service signals increased chances of above-normal precipitation across most of the key HRW production areas of the Central and Southern Plains through February.

Weekly corn sales in week ended Nov. 9 totaled 1.8 MMT, topping expectations by over 250,000 MT, while soybean sales totaled 3.9 MMT.

Corn, soybeans and wheat faced followthrough selling to Wednesday’s losses during the overnight session.

Corn and soybean basis mildly improved.

Strong weekly gains in cash soybean prices.

Soybeans and soymeal led price gains overnight after high-range closes on Tuesday. Corn and wheat followed to the upside.

The two-step continuing resolution is expected to clear the Senate, pushing the deadline for a full spending measure to January or February.

Soybeans and soymeal led a pullback from Monday’s gains during the overnight session, while corn and wheat saw lighter price pressure.

Both crops remain well above last year's levels.

Weekly soybean inspections in week ended Nov. 9 fell 516,368 MT from the previous week and were shy of the pre-report range of 1.75 to 2.25 MMT.

Short-term trend turns bearish for crude oil.

Soybean futures firmed overnight while the wheat market weakened. Corn was caught in the middle amid light, two-sided trade.

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Federal Reserve Bank of Chicago cites survey results from ag bankers.

Corn, soybeans and wheat tried to work higher early in the overnight session, but buyer interest was limited and light pressure ensued.

USDA raised its corn, soybean and cotton crop estimates, pushing up projected ending stocks. Wheat ending stocks also increased.

USDA increased corn yield to 174.9 bu. per acre, bringing production to 15.234 billion bu. Meanwhile, soybean yield was pegged at 49.9 bu., up 0.3 bu. from last month.

Corn sales during week ended Nov. 2 totaled 1.015 MMT for 2023-24, up 36% from the previous week and 4% from the four-week average.

Soybean futures failed to sustain followthrough buying overnight and have turned mostly weaker this morning. Corn and wheat traded lower throughout overnight trade.

Soybean basis improved but remains below average.

Sharp weekly jump in cash soybean prices.

Soybean futures posted strong gains overnight on talk of big Chinese purchases, while corn and wheat followed to the upside.

Higher-than-expected corn and soybean yields in some Corn Belt locations, along with a modest rally in corn prices, contributed to this month’s rise in farmer sentiment.

Soybeans pulled back from recent strong gains amid corrective selling overnight, while corn and wheat also traded lower.

Both crops remain well above year-ago levels.

Weekly corn export inspections outpaced pre-report expectations by 135,000 MT, while wheat inspections missed by over 100,000 MT.

Short-term trend turns bullish for soybeans and lean hog futures.

Soybean futures posted strong gains overnight, which spilled over to corn, while wheat faced light selling pressure.

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Corn, soybeans and wheat held in relatively tight ranges while spending time on both side of unchanged during overnight trade.

Updated monthly and quarter price forecasts, including the initial outlook for the second quarter of 2024.

Weekly wheat sales, short of pre-report estimates, were down 24% from the previous week, while corn and soybeans were down 45% and 27%, respectively.

Soybeans traded sharply higher overnight, while corn and most wheat contracts posted milder gains.

Soybean basis weakened on the rollover to the January contract but the cash price firmed.

Fed Chair Jerome Powell left the door open for more rate hikes if needed, but noted 'risk are now more two-side.'

Corn, soybeans and wheat held in relatively tight trading ranges during two-sided trade overnight.

Corn, soybeans and wheat held in tight trading ranges in light trade overnight.

Initial CCI ratings show wide variance between HRW and SRW.

During week ended Oct. 26, corn inspections rose 82,225 MT, while soybean inspections fell 735,466 MT from the previous week.

Short-term trends weaken for corn, live cattle.

Soybeans have firmed this morning, while corn and wheat adopted a weaker tone following two-sided trade overnight.

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Soybeans recouped most of their losses the two previous days during overnight trade, while corn also traded to the upside and wheat had a varied tone.

Corn, soybeans and wheat are expected to open mildly firmer this morning.

Weekly corn sales during week ended Oct. 19 totaled 1.351 MMT, which topped pre-report expectations, while soybean sales totaled 1.378 MMT.

Grain markets traded on both sides of unchanged overnight, with beans and wheat mildly favoring the upside this morning.

Sharp weekly rise in soymeal prices.

Soybean basis firmed over the past week and is now in line with the three-year average.

Beef stocks climbed more than average during September, largely because the previous month’s figure was revised down 15.1 million pounds. Sept. pork stocks dropped, whereas there is normally a small buildup in supplies.

Iowa’s farmland values, which saw consecutive record-breaking increases for two years, are now showing signs of cooling, though they remain near historic highs.