Agriculture News
Minimal changes were made to wheat production. However, old- and new-crop corn and cotton ending stocks were trimmed from May.
Weekly soybean and wheat sales during the week ended June 5 each fell short of pre-report expectations, while corn declined 16% from the previous week.
Weekly corn and soybean inspections surpassed pre-report expectations for the week ended June 5.
Wheat futures are leading losses to start the week with soybeans choppy to lower. Livestock futures are mostly lower with deferred lean hog contracts slightly higher...
Soybeans led the charge during the week ended May 29, rising 33% from the previous week while corn rose 3%. Meanwhile, new crop wheat sales continued to prove solid.
Corn inspections during the week ended May 29 rose 157,000 MT, topping the pre-report range. Soybean inspections also rose on the week, while wheat inspections declined modestly.
Wheat futures are higher with corn following higher and soybeans under pressure. Cattle and hog futures are higher to start the week...
Corn sales during the week ended May 22 dipped 23%, while soybean sales declined 53%. Meanwhile, new-crop wheat sales remained firm.
Only four years since 1980 have not had a summer soybean rally.
Wheat inspections during the week ended May 22 rose on the week, while corn and soybean inspections each marked declines.