News
USDA’s Quarterly Stocks data showed figures lower than the average trade guess, sending the soybean market higher, while the news also led corn higher, though gains have been capped by higher-than-expected acres.
USDA reported weekly soymeal sales of 377,900 MT in week ended March 23, which was up noticeably over the previous week and 81% from the four-week average.
Price action was light and two-sided overnight, but a mostly firmer tone has developed this morning.
March Iowa Chapter of the RLI finds slight boost in farmland values.
Corn and soybean basis firmed despite strong rises in cash prices.
FAPRI’s baseline projections are based on data as of January.
Sanctions are not impeding Russia’s ability to wage war, Biden calls for new rules on mid-sized banks and China lends billions to support carbon emissions reduction...
China continues its big purchases of U.S. corn with another daily sale today
Wheat futures will lead the ongoing price recovery in the grain and soy markets as Cargill says it will cease Russian grain shipments starting July 1.