Agriculture News
Corn and soybeans are posting mild weakness with wheat futures moderately lower. Livestock futures are narrowly mixed but generally higher to start the week...
Old- and new-crop soybean sales during the week ended Aug. 1 each surpassed analysts’ pre-report expectations, while new-crop corn were notably short.
Annual USDA Report Pegs Average Value at $5,570 an Acre
Josh Linville, Director of Fertilizer at StoneX surveys the current situation and looks out to the coming months
Weekly corn inspections during the week ended Aug. 1 totaled 1.2 MMT, up 143,000 MT from the previous week and topping analysts’ pre-report expectations.
Grain and livestock markets are lower to start the week with a sharp falloff in feeder cattle futures leading the
New-crop export sales for corn, soybeans and wheat each landed within analysts’ pre-report expectations, though soyoil sales posted net reductions for a second straight week.
Wheat inspections led the weekly increase, rising 168,623 MT, while soybean inspections exceeded pre-report estimates. Corn inspections were just short of topping analysts’ pre-report range.
Weekly new-crop corn and soymeal sales for the week ended July 18 each exceeded analyst’s expectations, while new-crop soybean sales were within the upper-end of the pre-report range.
