Agriculture News
USDA reported quarterly corn stocks data as of Sept. 1 were nearly 200 million bu. higher than the average analyst estimate, while soybeans were slightly below. Wheat production also surpassed pre-report expectations.
National soybean good to excellent ratings up 1%
Weekly corn inspections are outpacing year-ago by more than 50%.
Drought relief came to the plains, while dryness expanded in the eastern corn belt again
Corn sales during the week ended Sept, 18 totaled 1.923 MMT, according to USDA, which topped analysts’ pre-report range.
Weak profit margins may limit benefits of lower rates for financially stressed farmers.
Corn fell 1.7 points on the CCI, while soy fell just 1.2 from last week
Wheat inspections outpaced pre-report expectations ranging from 300,000 to 500,000 MT.
Corn, soybeans and wheat are lower at the start of daytime trade with livestock futures slightly to sharply higher...