Agriculture News
Each notched weekly declines, though soybean sales were up notably from the four-week average, while corn sales dipped modestly.
Corn inspections led the decline for the week ended June 10, down 218,867 MT from the previous week, followed by wheat (208,660 MT) and soybeans (30,551 MT).
Corn, soybeans and wheat are under pressure to start the week. Livestock futures are mildly higher this morning...
June Rural Mainstreet Index moves above growth neutral.
Soybean sales rose noticeably during the week ended June 12, surpassing pre-report estimates. Corn sales rose 14% from the previous week.
Corn inspections totaled 1.67 MMT during the week ended June 12, down slightly from the previous week but landed just short of the upper end of the pre-report range.
Soybean futures are higher with corn and wheat futures under light pressure. Livestock futures are higher to start the week...
Minimal changes were made to wheat production. However, old- and new-crop corn and cotton ending stocks were trimmed from May.
Weekly soybean and wheat sales during the week ended June 5 each fell short of pre-report expectations, while corn declined 16% from the previous week.
Weekly corn and soybean inspections surpassed pre-report expectations for the week ended June 5.