Latest News From Agriculture News

Midweek Cash Markets | October 4, 2023
Midweek Cash Markets | October 4, 2023

Basis remains much weaker than normal for corn, soybeans and wheat amid weak demand and transportation woes.

First Thing Today | October 4, 2023
First Thing Today | October 4, 2023

Soybean futures firmed amid corrective buying overnight, while wheat declined and corn chopped around unchanged.

Weakening crop prices, high production costs weigh on farmer sentiment
Weakening crop prices, high production costs weigh on farmer sentiment

Farmers’ sentiment for the second month in a row as attitudes toward current conditions and future expectations declined.

First Thing Today | October 3, 2023
First Thing Today | October 3, 2023

Corn and soybean futures failed to build on Monday’s gains and traded lower overnight, while wheat had a mixed tone.

Corn-for-Ethanol Use Down From July but Up From Year-Ago
Corn-for-Ethanol Use Down From July but Up From Year-Ago

Corn-for-ethanol use totaled 442.6 million bu. during August, according to USDA.

Weekly corn, soybean inspections continue to outpace year-ago
Weekly corn, soybean inspections continue to outpace year-ago

Weekly corn and soybean inspections are running 10.8% and 8.7% ahead of a year-ago, respectively. Meanwhile, wheat inspections are nearly 29% behind the same time last year.

Chart Trends | October 1, 2023
Chart Trends | October 1, 2023

Chart trends remained mostly unchanged from the previous week.

First Thing Today | October 2, 2023
First Thing Today | October 2, 2023

Corn and wheat futures traded higher on corrective buying overnight, while soybeans faced followthrough selling.

PF Report Reaction: Markets react negatively to Sept. 29 data
PF Report Reaction: Markets react negatively to Sept. 29 data

Soybean stocks and wheat production came in higher than expected. Sept. 1 corn stocks were lower than anticipated.

Report snapshot: corn stocks fall more than expected; big wheat production pegs
Report snapshot: corn stocks fall more than expected; big wheat production pegs

USDA pegged Sept. 1 corn stocks at 1.361 billion bu., 68 million bu. lower than pre-report expectations and 16 million bu. lower than year-ago. Soybean stocks were above pre-report estimates by 26 mb.

First Thing Today | September 29, 2023
First Thing Today | September 29, 2023

Corn, soybean and wheat futures held in tight price ranges in a lightly traded overnight session ahead of USDA’s reports later this morning.

U.S. hog herd unexpectedly expands
U.S. hog herd unexpectedly expands

Farrowing intentions suggest the expansion could be short-lived, but surging litter sizes could offset lower farrowings as they did during summer.

Weekly wheat sales exceed expectations
Weekly wheat sales exceed expectations

USDA reported wheat sales in week ended Sept. 21 totaled 544,500 MT, which capped the top-end pre-report estimate by 45,000 MT. Meanwhile corn sales were mid-range; soybeans were nearer the low-end of expectations.

First Thing Today | September 28, 2023
First Thing Today | September 28, 2023

Corn and soybean futures pulled back from recent corrective gains, while wheat extended its price slide during overnight trade.

Midweek Cash Markets | September 27, 2023
Midweek Cash Markets | September 27, 2023

Soybean basis continues to plunge.

Market Watch | September 28, 2023
Market Watch | September 28, 2023

Cash corn prices stabilize; soybean prices continue to drop.

The One Factor That Could Make Or Break the Farm Economy Over the Next 12 Months
The One Factor That Could Make Or Break the Farm Economy Over the Next 12 Months

Ag economists’ view on the ag economy is starting to erode. The September Ag Economists’ Monthly Monitor shows lower commodity prices, concerns about demand and a negative outlook for China’s economy.

First Thing Today | September 27, 2023
First Thing Today | September 27, 2023

Corn and soybean futures firmed amid light corrective buying overnight. Wheat traded on both sides of unchanged overnight.

First Thing Today | September 26, 2023
First Thing Today | September 26, 2023

Corn futures held near unchanged, while soybeans and wheat posted mild gains during a quiet overnight session.

Corn, soybean CCI ratings post late-season increases
Corn, soybean CCI ratings post late-season increases

Illinois led the increase in condition ratings for both crops.

Weekly soybean inspections catch up, outpace year-ago
Weekly soybean inspections catch up, outpace year-ago

USDA reported inspections for corn, soybeans and wheat within trade expectations. Corn inspections remain steadily ahead of year-ago, while soybeans went from notably trailing year-ago to running ahead.

Chart Trends | September 25, 2023
Chart Trends | September 25, 2023

Short-term trend turns bearish for soyoil.

First Thing Today | September 25, 2023
First Thing Today | September 25, 2023

Corn, soybean and wheat futures held in tight trading ranges in light, two-sided trade overnight.

Cattle on Feed Report: Feedlot inventory continues to shrink
Cattle on Feed Report: Feedlot inventory continues to shrink

Feedlot inventories declined from year-ago for a 12th consecutive month.

bank-hastings
Rural Bankers Turn More Cautious on Economy

Rural Main Street Index turns negative.

Ahead of the Open | September 22, 2023
Ahead of the Open | September 22, 2023

Grain and soy markets are expected to see light corrective buying.

First Thing Today | September 22, 2023
First Thing Today | September 22, 2023

Corn, soybean and wheat futures posted mild gains amid corrective buying in light overnight trade.

Untimely harvest-time rains expected
Untimely harvest-time rains expected

Above-normal October rainfall would hamper corn and soybean harvest, but benefit winter wheat.

Weekly soybean sales miss expectations
Weekly soybean sales miss expectations

Weekly soybean sales for week ended Sept. 14, were reported at 434,100 MT, short , over 100,000 MT shy of the low-end pre-report estimate, while weekly corn and wheat sales landed just above the low-end estimate.

First Thing Today | September 21, 2023
First Thing Today | September 21, 2023

Corn, soybeans and wheat pulled back from corrective gains earlier this week during the overnight session.

Market Watch | September 21, 2023
Market Watch | September 21, 2023

Cash soybean prices fall sharply.

Midweek Cash Markets | September 20, 2023
Midweek Cash Markets | September 20, 2023

Corn and soybean basis continues to fall as harvest activity increases.

First Thing Today | September 20, 2023
First Thing Today | September 20, 2023

Corn, soybeans and wheat posted mild corrective gains during a lightly traded overnight session.

First Thing Today | September 19, 2023
First Thing Today | September 19, 2023

Corn, soybean and wheat futures faced followthrough selling to Monday’s losses during overnight trade.

Corn, soybean CCI ratings continue late-season deterioration
Corn, soybean CCI ratings continue late-season deterioration

Illinois accounted for the bulk of the decline for both crops over the past week.

Market Snapshot | September 18, 2023
Market Snapshot | September 18, 2023

Market Snapshot | September 18, 2023

Weekly corn inspections remain steady; soybeans continue to trail year-ago
Weekly corn inspections remain steady; soybeans continue to trail year-ago

Weekly corn inspections totaled 642,095 MT, up 16,851 MT from the previous week and are running 10.5% ahead of year-ago, while soybean inspections totaled 393,004 MT and are trailing year-ago by 16.2%.

Chart Trends | September 18, 2023
Chart Trends | September 18, 2023

Short-term trend turns bearish for soybeans and soymeal.

First Thing Today | September 18, 2023
First Thing Today | September 18, 2023

Winter wheat futures led losses in the grain and soy markets during overnight trade.

First Thing Today | September 15, 2023
First Thing Today | September 15, 2023

Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.

Weekly soybean sales continue at tepid pace
Weekly soybean sales continue at tepid pace

For week ended Sept. 7, USDA reported weekly soybean sales of 703,900 MT, 34.2% behind a year ago at this time. Weekly meal and oil sales notched net reductions during the week of 201,600 MT and 3,900 MT, respectively.

First Thing Today | September 14, 2023
First Thing Today | September 14, 2023

Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.

Market Watch | September 14, 2023
Market Watch | September 14, 2023

Sharp weekly decline in cash grain prices.

Midweek Cash Markets | September 13, 2023
Midweek Cash Markets | September 13, 2023

Soybean basis turns negative for the first time this year.

Gasoline fuels consumer price rise  in August.
Gasoline fuels consumer price rise in August.

Despite the stronger consumer inflation data, Fed fund futures reflect increased odds the Fed will embark on an extended pause for interest rates.

First Thing Today | September 13, 2023
First Thing Today | September 13, 2023

Grain futures posted two-sided trade overnight, with corn and wheat favoring the upside and soybeans mildly weaker early this morning.

PF Report Reaction: Corn acreage increase more than offsets cut to yield
PF Report Reaction: Corn acreage increase more than offsets cut to yield

USDA cut its soybean crop estimate a little more than anticipated, while the cotton crop came in well below expectations.