News
Winter wheat futures hit 2 1/2-month highs as Russia tensions escalate; corn and soybeans down slightly.
The quarterly survey conducted by the Federal Reserve Bank of Dallas finds strong gains in Texas ranch and cropland.
Kansas City Fed finds new highs posted in Central Plains farmland values.
The corn CCI rating has declined 10 straight weeks, while the soybean rating dropped for a seventh consecutive week.
Weekly export inspections for week ended Sep. 15 were reported as expected; corn and beans continue to keep a notable pace ahead of last year.
Cotton analyst questions USDA projections
Wheat futures are under sharp pressure to open the week, which is weighing on corn. Soybeans are mildly supported by export sales to China.
Winter wheat futures down sharply, corn and soybeans also lower, amid dollar strength, recession concern.
Heavy pressure on the wheat market pulled corn lower overnight, while soybeans posted two-sided trade.
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