News
Weekly grain inspected for export through Sept. 22, proved dismal as corn and soybean inspections were reported below expectations, while wheat inspections were notably lower for the week but within the expected range.
House Ag panel Republicans want some answers on alleged Biden/USDA overreach using executive actions
Soybean futures drop to two-week lows, corn and wheat also lower on intensifying recession worries.
Grain and soy futures traded lower overnight on global economic concerns although soybeans recovered slightly on the open. Cattle futures are mildly higher with lean hogs under pressure to start the week.
House Ag panel Republicans want some answers on alleged Biden/USDA overreach using executive actions
No changes to short-, intermediate or long-term trends this week.
Outside markets and global economic concerns weighed on grain and soy markets overnight.
Friday brings key economic and ag sector reports
Corn, soybean futures plunge to two-week lows on surging dollar, escalating recession concerns; wheat also down sharply.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
Both placements and marketings were near the top end of pre-report estimates.
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Grain, soybean futures lower as U.S. dollar surges, crude oil slumps amid growing economic uncertainty.
Outside markets weighed heavily on the grain and soy complex overnight as the U.S. dollar strengthened to a fresh 20-year high and front-month crude oil dropped to near $80.00.
Winter wheat climbs near three-month highs on concern over Ukraine; corn also firmer, soybeans weaker.
The smaller-than-normal rise in frozen meat stocks came despite hefty monthly increases in beef and pork production, implying demand was strong and outpaced supplies.