News
Corn, soybeans end lower but still near two-month highs; hog futures near four-week high on ideas of cash rebound.
Striking a balance among rail industry stakeholders is proving difficult
Soybean futures extend rally following smaller USDA crop estimate; corn and wheat lower.
Soybean futures built on Monday’s strong gains overnight, while wheat rebounded from yesterday’s losses and corn favored the upside is light, two-sided trade.
CCI ratings have declined for nine straight weeks for corn and six consecutive weeks for soybeans.
Corn, soybean futures hit three-month highs after USDA cuts crop estimates more than expected; wheat mixed.
USDA cut its soybean crop estimate by 153 bu. from last month, whereas traders expected a 35-million-bu. reduction.
USDA reduced the national corn yield as expected, but trimmed soybeans a bushel more than the average trade estimate of 51.5 bpa in its release of the September WASDE.
Weekly export inspections for week ended Sep. 8 revealed wheat inspections above trade expectations; corn and soybean inspections continue to run ahead of year-ago levels.
Grain, soybean futures narrowly mixed as trade awaits USDA Crop Production, Supply and Demand reports.
Corn and wheat futures are slightly lower with soybeans slightly higher ahead of USDA’s reports. Cattle futures are mildly lower with lean hogs up slightly to start the week...
Oncoming freight train as ag sector braces for possible major railroad strike Friday
Discord surfaces between railroads and two big unions
Quiet, two-sided trade was seen overnight as traders awaited USDA’s reports later this morning.
USDA Thursday will try again to release weekly export sales report
Corn futures post third straight weekly gain as market awaits USDA reports; wheat hits two-month high, soybeans stronger.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
Key for the corn production number will be the implied ear weight USDA uses.
Distillate inventories have plummeted as harvest looms...