Agriculture News
Corn and soybean sales during the week ended Oct. 3 totaled 1.222 MMT and 1.264 MMT, respectively.
During the week ended Oct. 3, soybean inspections totaled a notable 1.431 MMT, jumping nearly 750,000 MT from the previous week and exceeding pre-report expectations.
Soybeans are lower with corn chopping around unchanged and wheat futures mildly higher. Cattle futures are higher with lean hog futures favoring the downside…
Corn sales during the week ended Sept. 26 exceeded pre-report estimates by nearly 700,000 MT, while wheat sales were also stronger than expected. Soybean sales were also solid at 1.44 MMT.
Sept. 1 corn stocks of 1.760 billion bu. were short of analysts’ average pre-report estimate by 84 million bu., while soybean stocks of 342 million bu. were shy 9 million bu. Wheat stocks and production were each slightly above pre-report estimates.
Weekly soybean inspections during the week ended Sept. 26 totaled 675,749 MT, up 177,000 MT from the previous week, while corn and wheat inspections each declined on the week.
Corn and soybean futures are lower with wheat futures higher to start the week. Cattle futures are choppy with lean hogs slightly firmer...
Weekly corn inspections during the week ended Sept. 19 totaled 1.1 MMT, up 534,000 MT from the previous week while wheat inspections of 711,000 MT rose 122,000 MT.
Corn, soybeans and wheat are off to a solid start. Livestock futures are mostly higher as well…