Latest News From Agriculture News

Weekly corn inspections for the week ended April 18 exceeded pre-report estimates by 120,000 MT, while soybeans and wheat were within expectations.

Short-term trend improves for lean hog futures.

Marketings also dropped sharply during March.

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Creighton University's survey finds bankers remain pessimistic on economic outlook.

The 90-day outlook calls for above-normal temps over most areas of the country, with "equal chances" of rainfall over most of the Corn Belt.

Weekly corn sales for the week ended April 11 rose 54% from the previous week, but still down 45% from the four-week average. Soybean sales were up 59% from the previous week and 62% from the four-week average.

The LanzaJet Inc. facility in Georgia will likely run on mostly sugarcane ethanol imported from Brazil when it starts commercial production.

Declines in the HRW CCI rating were fully offset by improvements in SRW crop.

Wheat inspections for the week ended April 11 were up 34,000 MT from the previous week and above the expected pre-report range. Corn and soybean inspections were each lower on the week, but within expectations.

Grain futures are under pressure to open the week. Cattle futures are sharply higher amid corrective buying.

Short-term trend turns bearish for soybeans and soyoil.

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USDA showed slightly larger-than-expected U.S. carryover for corn, soybeans and wheat, while global corn and soybean carryover also topped average pre-report estimates. Global wheat carryover was lower.

Weekly corn sales during the week ended April 4 dropped sharply missing pre-report expectations by a notable 425,000 MT. Meanwhile, soybean and wheat sales were within their respective pre-report range.

Market now reflects the highest odds are for the first rate cut in September.

CCI ratings for both crops are above year-ago, especially for HRW.

Corn inspections during the week ended April 4 were down 51,859 MT from the previous week but topped pre-report expectations. Wheat and soybean inspections also fell from the previous week but were as expected.

A lot of movement in short-term trends.

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Weekly soybean sales during the week ended March 28 missed the pre-report range, while corn sales landed below 1.0 MMT for the first time since mid-February. Shipments, however, reached a marketing-year high.

Expectations for lower interest rates fueled the improved sentiment.

SRW CCI rating was virtually unchanged over the winter.

Weekly corn and wheat inspections each topped pre-report estimates for the week ended March 28, while soybeans missed the low-end pre-report estimate by 86,000 MT.

Short-term trend turns up for corn and wheat.

Nearly every category topped the average pre-report estimates.

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USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.

Weekly wheat sales were just above the pre-report range for the week ended March 21, while soybean sales missed the expected range by 36,000 MT. Corn sales held steady at 1.21 MMT.

State-level winter wheat condition ratings signaled more general improvement in the HRW crop over the past month, despite a minor downtick in top producer Kansas.

USDA says a small number of dairy herds in Texas and Kansas tested positive for a strain of highly pathogenic avian influenza (HPAI).

Frozen pork stocks declined contra-seasonally during February, while beef inventories fell more than average.

Corn inspections during the week ended March 21 totaled 1.228 MMT, down nearly 100,000 MT on the week but more than double the same week a year-ago. Meanwhile, soybean inspections rose 68,000 MT on the week.

Short-term trend turns bearish for cotton.

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Creighton University's monthly survey finds negative outlook by bankers deepening but farmland values holding stable.

Annual report from Illinois Society of Professional Farm Managers and Rural Appraisers.

The Seasonal Drought Outlook calls for drought to persist across much of Iowa, Minnesota and Wisconsin through June.

Weekly wheat sales were reported at (109,600) MT for the week ended March 14, which were down noticeably from the previous week. Corn and soybean sales were as expected.

Most Fed officials expect three rate cuts this year, but fewer committee members anticipate more than three reductions.

Weekly wheat and soybean inspections during the week ended March 14 fell 164,665 MT and 98,672 MT, respectively, from the previous week. Meanwhile, corn inspections rose nearly 73,000 MT.

Short-term trend turns bearish in SRW wheat.

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The International Grains Council released its initial projections for 2024-25

Weekly corn sales during the week ended March 7 totaled 1.28 MMT, up 16% from the previous week, while soybean and wheat sales each faded, down 39% and 69%, respectively. Wheat sales were at a marketing-year low.

Soybeans extended Monday’s declines overnight, while corn and wheat pulled back from yesterday’s gains.

Weekly corn inspections totaled 1.122 MMT during the week ended March 7, down slightly from the previous week, but near the top end of the pre-report range. Soybean inspections fell notably on the week.

Short-term trends turn sideways for corn, soybeans, soymeal and soyoil.

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Corn and soybean ending stocks were unchanged from February, while wheat ending stocks rose 15 million bu. However, global corn and wheat ending stocks were lower than pre-report estimates; soybeans were as expected.