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Vilsack says Wednesday’s House Ag hearing was ‘wasted opportunity’
Corn and soybeans saw corrective buying most of the overnight session, though sellers resurfaced into the break. Wheat futures continue to fall under heavy selling pressure.
Corn and soybeans posted corrective gains overnight, while wheat faced followthrough selling.
Monthly survey of rural bankers finds growing pessimism.
USDA releases crop forecasts, Japan slips into recession and global crude stocks projected to reach record high...
Weekly soymeal sales totaled 203,400 MT during the week ended Feb. 8, missing the pre-report range, while corn sales held steady at 1.31 MMT. Wheat and soybean sales were near the low-end of pre-report estimates.
Star wars | Vilsack at House hearing | Dicamba | Global shipping | Japan in recession
Selling persisted throughout the grain market overnight as corn, soybeans and wheat continue to trade on recent lows. Persistent impressive sales and falling projected acres did little to boost corn prices.
The extended forecast suggests spring planting should advance rather rapidly and favors early crop development.
The initial projections are based on the January WASDE Report. These are USDA’s current best guesstimates. A lot can (and will) change.
Corn, soybeans and wheat extended Wednesday’s losses during the overnight session.
Cash grain prices continue to fall; sharply below year-ago.
Basis remains weaker than average for corn, soybeans and wheat.
Aid to Ukraine, Israel hits House hurdle | Mayorkas House impeachment | 2022 Ag Census
Grain and soy markets are expected to open under solid pressure this morning after weak trade overnight.
Wheat futures led broad losses in the grain and soy complex during the overnight session as markets weakened amid technical selling and a lack of supportive news.
Valuable insights into demographics, economics, land use and activities on U.S. farms and ranches.