Agriculture News
USDA pegged the final corn yield at 179.3 bu. per acre, down 3.8 bu. from Nov, while the soybean yield was trimmed by 1 bu. per acre to 50.7 bpa. Quarterly corn, soybean stocks were also below expectations, while wheat seedings landed well above.
Corn, soybeans and wheat are higher to open the week. Cattle futures are higher with lean hogs under pressure...
For the week ended Dec. 26, net corn sales were down 55% from the previous week, while soybean and wheat sales fell 51% and 77% from the previous week, each carving a new marketing-year low.
Corn inspections during the week ended Dec. 26 led the decline, falling 268,000 MT from the previous week, while soybean and wheat inspections dropped 204,469 MT and 68,238 MT, respectively. However, net inspections were within pre-report estimates.
Corn, soybeans and wheat futures are all off to a higher start alongside livestock futures, which are mostly higher, as well...
Weekly corn and wheat sales rose 46% and 34%, respectively, on the week, while soybean sales dipped 31% to a marketing-year low.
Corn and wheat futures are higher with soybeans choppy. Livestock futures are also choppy to lower to start the week...
Sharp Drop Erases November’s Short Trip into Positive Ground
For the week ended Dec. 12, corn sales rose 24% to 1.17 MMT from a week ago, while wheat and soybean sales jumped 58% and 21%, respectively.
While soybean inspections faded during the week ended Dec. 12, they totaled 1.68 MMT.