Search - Pro Farmer

Employment report Friday | Flurry of Fed speakers again | CR signed into law | Prop 12 challenge

Winter wheat surges near three-month highs after USDA lowers crop; soybeans plunge on unexpectedly high Sept. 1 stocks.

Davis Michaelsen and Editor Brian Grete discuss this week’s market action...

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...