News
Corn, wheat and soybean export inspections for week ended Dec. 29 fell notably below the previous week. Wheat and soybeans fell below expectations, while corn landed just above low range.
The Purdue University/CME Group Ag Economy Barometer rallied sharply in December to the highest reading for 2022.
Corn and soybean futures are mixed with wheat under pressure to start the week. Fat cattle futures are mildly higher with feeders and lean hogs under light pressure.
OMB completes review of final rule from USDA covering pandemic assistance programs
Short-term trends are bullish for grain and soy futures.
Grains are expected to open mixed following the extended holiday weekend as traders sort out South American weather, outside markets and China’s surging Covid cases.
Grain and livestock markets will reopen at 8:30 a.m. CT following the extended holiday weekend. Outside markets were price-negative, with crude oil weaker and the U.S. dollar sharply higher overnight.
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Expected pushback from farmers, others
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As 2022 comes to a close, it’s time to look back on the events, stories and people that were most influential for agriculture over the past year.
Soybeans are expected to continue their recent price surge amid Argentine crop concerns.
Export sales data for week ended Dec. 22 reported wheat sales topping expectations by over 28,000 MT, while corn and soybean sales were mid-range.
Soybean futures continued their price surge overnight with front-month futures reaching their highest level on the continuation chart since Sept. 13. Corn and wheat traded in narrow ranges on either side of unchanged.
Soybeans extend gains above $15 amid Argentina dryness concern, demand optimism; corn mixed, wheat lower.
Manufacturers move production away from China, Indonesia delays 35% blend rate and gold purchases this year were the highest since 1967...
Grain futures lower overnight amid concern over Covid surge in China; soybeans continue holding above $15.00.
Energy prices continue lower on effects of rising Covid-19 cases in China on oil demand