Agriculture News
USDA reported weekly soybean inspections of 1.04 MMT, notably above the pre-report range.
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USDA reported weekly corn sales of 1.8 MMT during week ended Sept. 28, increasing export commitments to nearly 9% ahead of last year.
Semi-annual survey of land professionals finds flattening in Iowa land values.
Farmers’ sentiment for the second month in a row as attitudes toward current conditions and future expectations declined.
Weekly corn and soybean inspections are running 10.8% and 8.7% ahead of a year-ago, respectively. Meanwhile, wheat inspections are nearly 29% behind the same time last year.
Chart trends remained mostly unchanged from the previous week.
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USDA pegged Sept. 1 corn stocks at 1.361 billion bu., 68 million bu. lower than pre-report expectations and 16 million bu. lower than year-ago. Soybean stocks were above pre-report estimates by 26 mb.