Agriculture News
Bankers Note weakening financial conditions.
Chicago Federal Reserve Bank Also Finds 4% Quarterly Gain.
Creighton’s monthly survey finds growing pessimism.
Soy stocks historically come in tighter than estimated.
Annual Iowa State survey reports state average of $271 an acre.
While old- and new-crop ending stocks were both well below pre-report expectations, wheat production landed well above analysts’ estimates.
Weekly corn inspections during the week ended May 8 declined 392,000 MT from the previous week, while soybean inspections rose on the week.
Soybean futures are sharply higher with corn mildly higher and wheat mixed. Cattle futures are poised to challenge highs, and lean hog futures are moderately to sharply higher to start the week...
Weekly wheat inspections during the week ended May 1 led the decline, falling 339,000 MT.
Corn, soybean and winter wheat markets are under light pressure with livestock markets choppy to open the week…