Agriculture News
The initial CCI ratings came one week earlier than last year.
Weekly corn inspections were down slightly from the previous week but were near the top-end pre-report estimate of 1.4 MMT. Corn in Wheat and soybean inspections were each near the respective low-end ranges.
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The Office of Management and Budget (OMB) has scheduled an increasing number of meetings concerning the EPA’s final rule on levels for the Renewable Fuel Standard (RFS).
Weekly export data for week ended May 18, showed net reductions for corn and wheat, while soybean sales were up noticeably from the previous week. Though, meal sales were the highlight; up 68% from the four-week average.
Cash hog prices continue slow, methodical seasonal climb.
Beef stocks declined more than average, while pork inventories climbed more than normal during April.
CCI ratings remain historically low for the HRW crop and above average for SRW.
Annual ISU survey highlights cash rents paid for 2023.