News
Frozen pork stocks declined contra-seasonally during February, while beef inventories fell more than average.
Corn inspections during the week ended March 21 totaled 1.228 MMT, down nearly 100,000 MT on the week but more than double the same week a year-ago. Meanwhile, soybean inspections rose 68,000 MT on the week.
Grain futures are mildly firmer to open the week. Cattle futures are under pressure from last Friday’s Cattle on Feed Report.
EU conducting investigations into major tech companies under Digital Markets Act
Corn traded in a tight range overnight while soybeans and wheat favored the upside. Volatility is likely to remain limited in corn until Thursday’s USDA reports.
Corn and soybean futures swung to both sides of unchanged during the overnight session, while wheat favored the upside.
Next up in Congress: Aid for Ukraine & Israel; House farm bill focus in April and/or May
Annual report from Illinois Society of Professional Farm Managers and Rural Appraisers.
Access this week’s Newsletter here...
FY 2024 funding | Border tensions | Paraguayan beef trade | Labeling of cell-cultured meat & poultry products
Corn, soybeans and wheat each favored the downside overnight, though pared losses into the break.
Soybean futures posted sharp losses overnight, while corn and wheat traded mildly lower.
WIC | CCC | SNAP | Biofuels, GREET, SAF | China | Farm income | Ag aid | Dairy
Creighton University’s monthly survey finds negative outlook by bankers deepening but farmland values holding stable.
Lower global prices to spur Chinese demand, Congress releases minibus bill and EU PMI rises...
FOMC details | Hearing on China | Billions for microchips | Tax bill fate | Second minibus