Latest News From Agriculture News

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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Weekly corn, wheat and soybean sales each missed pre-report expectations for the week ended Dec. 28, while corn and soybean sales slid to a marketing-year low.

Weekly corn inspections during week ended Dec. 28 were down over 650,000 MT from the previous week to 570,000 MT. Wheat and soybean inspections were also down 187,000 MT and 156,000 MT, respectively.

The Current Conditions Index for December was 112, while the Future Expectations Index was 115, both down one point from the previous month.

Short-term trends turn bearish for corn and soyoil.

In week ended Dec. 21, weekly corn sales totaled 1.242 MMT, up 23% from the previous week, while exports of 1.278 MMT notched a marketing-year high.

USDA showed weekly corn inspections of 1.082 MMT for week ended Dec. 21, topping the pre-report range by over 150,000 MT.

Traders expected a 0.5% decline in the Dec. 1 hog inventory.

Placements declined less than expected, while marketings fell more than anticipated.

The increase in beef stocks was about average during November.

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The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.

The RMI below growth neutral for fourth consecutive month.

Pork export sales for 2023 and 2024 were strong and weekly shipments were a high for the year.

Wheat inspections were near the middle of the expected range.

Short-term trend turns bearish for U.S. dollar index.

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Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China's purchases totaled 1.12 MMT during the week.

New economic projections show a notable shift in tone and outlook to dovish.

Annual Iowa State University survey finds farmland values rose in first half 2023, plateaued by end of year.

Corn and soybean inspections during week ended Dec. 7 declined 464,719 MT and 188,847 MT, respectively, while wheat inspections rose nearly 95,000 MT.

Short-term trend turns bullish for SRW wheat.

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Global carryover for corn and soybeans each surpassed pre-report expectations by 1.8 MMT and 1.5 MMT, respectively, largely neutralizing the lower-than-expected U.S. corn carryover.

Corn sales during week ended Nov. 30 totaled 1.3 MMT, while shipments reached a marketing-year high. Soymeal and soyoil shipments during the week also notched marketing-year highs.

November’s 12-point rise in the Current Conditions Index to a reading of 113 was primarily responsible for this month’s sentiment improvement as the Index of Future Expectations only improved by 2 points.

Weekly corn inspections during week ended Nov. 30 totaled 1.16 MMT, exceeding the pre-report range by nearly 260,000 MT, while wheat and soybean inspections each fell short of respective pre-report ranges.

Short-term trend turns bearish for soymeal.

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Our updated monthly and quarterly price forecasts.

Weekly corn, soybean and wheat sales for week ended Nov. 23 each topped pre-report expectations and rose notably from the previous week.

In November, approximately 5.78 million birds have been affected by bird flu, a substantial rise from the 1.37 million reported in October.

The final CCI rating ahead of dormancy was equal to the five-year average for HRW and 14.8 points above average for SRW.

Weekly corn inspections missed the pre-report range and fell nearly 200,000 MT from the previous week, while wheat fell nearly 90,000 MT and soybeans nearly 190,000 MT.

Short-term trend turns bearish for lean hog futures.

Third quarter banker survey notes declining incomes, still low loan demand and rising farmland values.

USDA's Weekly export inspections data showed corn, soybean and wheat inspections within pre-report ranges, though soybean inspections are increasingly falling behind year-ago.

The report data was virtually inline with expectations, which should have little impact on prices Monday.

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Kansas City Federal Reserve highlights district ag credit conditions.

Monthly Rural Mainstreet Index finds record low banker pessimism.

The 90-day forecast from the National Weather Service signals increased chances of above-normal precipitation across most of the key HRW production areas of the Central and Southern Plains through February.