Search - Pro Farmer

After the Bell | September 29, 2023 USDA’s Quarterly Stocks Report extended early session selling, while a potential government shutdown heightened risk-off sentiment.

Access this week’s newsletter here.

Soybean stocks and wheat production came in higher than expected. Sept. 1 corn stocks were lower than anticipated.

USDA pegged Sept. 1 corn stocks at 1.361 billion bu., 68 million bu. lower than pre-report expectations and 16 million bu. lower than year-ago. Soybean stocks were above pre-report estimates by 26 mb.

Sen. Feinstein dies | UAW strike expansion | Miss. River | Ag disaster aid update

Corn and soybeans pivoted around unchanged for most of the night while wheat saw light corrective buying.

Corn, soybean and wheat futures held in tight price ranges in a lightly traded overnight session ahead of USDA’s reports later this morning.

Farrowing intentions suggest the expansion could be short-lived, but surging litter sizes could offset lower farrowings as they did during summer.

After the Bell | September 28, 2023 Corn futures led the grain complex higher, while meal strength pulled soybeans from early session lows.