News
Weekly export inspections for week ended Sept. 29 reported wheat inspections notably above expectations, while corn and beans were as expected. Soybean inspections are currently running 3.2% behind a year ago.
Senate out until Nov. 14, House to follow after approving stopgap spending bill today | FTC goes after Syngenta, Corteva
Access this week’s newsletter here.
USDA’s quarterly grain stocks data showed YOY increases for corn, soybeans and wheat. Corn stocks were pegged at 1.376 billion bu., below the average trade estimate of 1.512 bb, with soybeans 32 million bu. higher.
Sept. 1 corn stocks came in 135 million bu. below the average pre-report trade estimate. The wheat production estimate was 128 million bu. lower than traders anticipated.
Wheat futures tracking for second weekly gain on concern over Russie-Ukraine; corn and soybeans also firmer.
USDA’s Grain Stocks Report due out this morning, barges run aground in the Big Muddy and diesel prices soften...
Wheat futures were supported overnight by Black Sea supply concerns as Russia was set to annex four regions of Ukraine. Corn and soybeans followed wheat higher.
Grain, soybean futures end mixed ahead of USDA’s quarterly stocks; USDA reports further hog herd contraction.
USDA estimated the U.S. hog herd has contracted to 73.8 million head as of Sept.1, down 1.1 million head (1.4%) from year-ago and 468,000 head smaller than the average pre-report estimate.
NATO rules Nordstream breech sabotage, Ian shuts-in some Gulf energy production and today’s H&P Report expected to show mild herd contraction...