News
Markets remain under pressure amid higher than expected corn stocks.
USDA reported quarterly corn stocks data as of Sept. 1 were nearly 200 million bu. higher than the average analyst estimate, while soybeans were slightly below. Wheat production also surpassed pre-report expectations.
Corn, soybeans and wheat each saw modest losses in the overnight session.
Major USDA data out today as U.S. government shutdown looms
In a new memorandum of understanding, the Department’s antitrust division will work with USDA to investigate rising costs of farm inputs such as fertilizer, seed, fuel, and equipment
National soybean good to excellent ratings up 1%
Weekly corn inspections are outpacing year-ago by more than 50%.
The team discusses Argentine soy purchases by China and what to expect in this week’s Grain Stocks Report.