Agriculture News
USDA reported old-crop soybean sales of 207,200 MT for week ended June 1, a 68% increase from the previous week. New-crop sales of 264,600 MT were also reported.
Producer sentiment fell to its weakest reading since July 2022, triggered by crop price weakness.
CCI ratings for corn and beans below year-ago, spring wheat rated better than last year.
USDA’s weekly export inspection data showed a week-over-week decline in export inspections for corn, soybeans and wheat. June 1 marked the beginning of the 2023-24 wheat marketing-year,
No changes in the short-term, intermediate or long-term trends this week.
The U.S. is escalating its conflict with Mexico over agricultural biotech measures, including the country’s stance on GMO corn...
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Net sales reductions of 210,500 MT of wheat were reported in week ended May 25, missing the expected range by over 100,000 MT. Weekly corn and soybean sales were near the low-end of their respective pre-report estimate.
Drought continues to spread from west to east across major U.S. corn and soybean areas.
The initial CCI ratings came one week earlier than last year.