News
Soybeans extended Friday’s strong gains but came well off the highs into the close. Corn and wheat failed to maintain earlier corrective gains.
The soybean markets continues to react to last Friday’s bullish Acreage Report.
Saudi Arabia to prolong unilateral oil production cut by one month
Soybean futures aggressively extended Friday’s price rally during overnight trade. Corn followed to the upside, while wheat traded mixed.
Jobs report Friday | Canada strike | Tyson Foods to reintroduce certain antibiotics into chicken supply chain
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Corn plantings greatly topped expectations, while soybean acres fell well shy of the pre-report estimate.
USDA reported over 94 million corn acres, which is over 2 million above pre-report estimates, while soybean acres were pegged at 83.505 million acres, over 4 million acres below the average pre-report estimate.
USDA to update balance sheets today, states appeal to Federal Judge to overrule WOTUS and Argy wheat production is expected to recover...
Survey shows production costs a concern for ag economists
Grain and soy futures are expected to trade higher this morning on followthrough corrective buying after strength overnight.
The U.S. cattle herd was 0.1% bigger than year-ago as of June 1, whereas traders expected a 0.7% decline.
Corn, soybean and wheat futures firmed amid corrective buying during the overnight session as traders await USDA’s reports later this morning.
Drought now covers 70% of corn areas and 63% of soybeans.
CBO releases new budget, USMCA members to hold regular confab and the U.S. hog herd is expected to shrink...
With Congress out, good time to size up new farm bill prospects
Corn, soybean and winter wheat futures are expected to open mildly weaker, though selling should be more subdued than price action over the past week.
USDA’s weekly export data for week ended June 22, showed net sales for corn, soybeans and wheat within their respective ranges, but near low-end expectations.