Agriculture News
Weekly corn inspections during the week ended May 8 declined 392,000 MT from the previous week, while soybean inspections rose on the week.
Soybean futures are sharply higher with corn mildly higher and wheat mixed. Cattle futures are poised to challenge highs, and lean hog futures are moderately to sharply higher to start the week...
Weekly wheat inspections during the week ended May 1 led the decline, falling 339,000 MT.
Corn, soybean and winter wheat markets are under light pressure with livestock markets choppy to open the week…
All but seven years since 1981 have had at least one rally in the summer.
Soybean sales during the week ended April 24 rose 55% on the week despite the seasonal lull amid fresh South American supplies. Wheat sales were also up noticeably, while corn sales slid 12% week-over-week.
Wheat inspections during the week ended April 24, were up notably on the week, topping anlysts’ pre-report expectations. Net corn and soybean sales each declined on the week but were as expected.
During the week ended April 17, wheat notched net reductions, falling noticeably from the previous week, while soybean sales declined 50% and corn sales down 26%.
Weekly corn and wheat inspections each declined on the week, but exceeded pre-report expectations
Corn, soybeans and wheat are off to a higher start. Livestock futures are higher as well...