Latest News From Agriculture News

Placements declined from year-ago levels for a third straight month – a trend that will continue.

Net soybean sales during the week ended Feb. 15 were down 84% from the previous week, while weekly corn and wheat sales were down 37% and 33%, respectively.

Central Illinois cash corn price below $4.00 for first time since October 2020.

Weekly corn inspections during the week ended Feb. 15 rose a modest 26,000 MT, while soybean and wheat inspections declined on the week.

No changes to short-term trends for grain and livestock markets.

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Monthly survey of rural bankers finds growing pessimism.

The extended forecast suggests spring planting should advance rather rapidly and favors early crop development.

Weekly soymeal sales totaled 203,400 MT during the week ended Feb. 8, missing the pre-report range, while corn sales held steady at 1.31 MMT. Wheat and soybean sales were near the low-end of pre-report estimates.

The initial projections are based on the January WASDE Report. These are USDA’s current best guesstimates. A lot can (and will) change.

Valuable insights into demographics, economics, land use and activities on U.S. farms and ranches.

After the Bell | February 12, 2024

For the week ended Feb., USDA showed corn and wheat inspections up 230,000 MT and 112,000 from the previous week, while soybean inspections fell 420,000 MT after a 320,000 MT upward revision to last week's figure.

Most short-term, intermediate and long-term trends unchanged.

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USDA showed soybean ending stocks rose 35 million bu. from January, while corn rose 10 million bu,. Meanwhile, 2023-24 global soybean carryover was notably higher than expectations.

During the week ended Feb. 1, USDA showed net soybean sales of 340,800 MT, short of pre-report estimates, while corn and wheat sales held steady week-over-week.

Declining prices for key commodities weighed on agricultural producer sentiment in January.

Weekly soybean inspections during the week ended Feb. 1, rose more than 500,000 MT from the previous week and above the pre-report range. Meanwhile, corn inspections dropped 300,000 MT on the week.

Few changes in short-term trends this week.

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Our updated monthly and quarterly price forecast, including the first outlook for the third quarter.

Weekly soybean sales during the week ended Jan. 25 missed the pre-report range by over 330,000 MT, while soymeal sales exceeded expectations. Corn and wheat sales were within pre-report estimates.

The underlying data was bullish as the U.S. cattle herd contracted further — and will continue to do so.

A study from Sandro Steinbach and Yasin Yildirim of North Dakota St. Univ. and Xiting Zhuang of the University of Connecticut exams the current challenges in global shipping and their direct impact on U.S. agriculture.

HRW crop ratings improvements over the past month were led by top producer Kansas and Nebraska.

Malanga notes the possibility of the Federal Open Market Committee (FOMC) considering a rate cut in March if labor market weakness becomes apparent.

During the week ended Jan. 25, weekly wheat and soybean inspections were down from the previous week, while corn inspections rose 155,000 MT.

Short-term trend turns bullish for lean hog futures.

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That would still be the smallest annual increase in overall food prices since they rose 0.9% in 2017.

Weekly soybean sales during the week ended Jan. 18, missed the low-end pre-report estimate by 140,000 MT and were down 28% from the previous week.

During the week ended Jan. 18, weekly corn and soybean inspections dropped 233,127 MT and 117,068 MT, respectively, while wheat inspections rose 72,112 MT from the previous week's totals.

Short-term trend turns bullish for cotton, remains bearish for corn, soybeans and wheat

All three categories virtually matched the average pre-report estimates.

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USDA reported weekly export sales of 1.25 MMT during the weekend ended Jan. 11, exceeding the top end pre-report range by 50,000 MT, while wheat sales exceeded expectations by 200,000 MT.

Rural Mainstreet Index slips deeper into the red.

USDA reported weekly export inspections of 1.264 MMT soybeans during the week ended Jan. 11, which rose 224,000 MT from the previous week. Meanwhile, corn and wheat inspections declined on the week.

Short-term trend for lean hog futures improves

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USDA pegged total U.S. corn and soybean production at 15.342 billion bu. and 4.165 billion bu., respectively amid a 2.4 bu. and 0.7 bu. bump in the national corn and soybean average yield estimate from November.

FNC sees stable farmland values.

Weekly soybean, wheat and soymeal sales fell short of expectations for the week ended Jan. 4, while corn sales were near the low-end of the pre-report range.

Cash soybean prices decline sharply

November pork exports were the largest for the month since 2020. Beef exports were the smallest for any month since July 2020.

During the week ended Jan. 4, weekly wheat inspections topped pre-report estimates by over 140,000 MT, while soybean inspections were just shy of the pre-report range of 700,000 MT to 1.125 MMT.

Short-term trend turns bullish for live cattle and feeders.

After the Bell | January 5, 2024

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