Agriculture News
Soybeans led the charge during the week ended May 29, rising 33% from the previous week while corn rose 3%. Meanwhile, new crop wheat sales continued to prove solid.
Corn inspections during the week ended May 29 rose 157,000 MT, topping the pre-report range. Soybean inspections also rose on the week, while wheat inspections declined modestly.
Wheat futures are higher with corn following higher and soybeans under pressure. Cattle and hog futures are higher to start the week...
Corn sales during the week ended May 22 dipped 23%, while soybean sales declined 53%. Meanwhile, new-crop wheat sales remained firm.
Only four years since 1980 have not had a summer soybean rally.
Wheat inspections during the week ended May 22 rose on the week, while corn and soybean inspections each marked declines.
During the week ended May 15, corn inspections rose 419,000 MT from the previous week, nearly topping analysts’ pre-report range. Soybean inspections were notably short of expectations.
Wheat, corn and soybeans are higher to start the week. Cattle and hogs are choppy, but mostly lower...
Bankers Note weakening financial conditions.
Chicago Federal Reserve Bank Also Finds 4% Quarterly Gain.