PRO FARMER
President Trump has called for an immediate blockade of the Strait of Hormuz following failed peace talks over the weekend, prolonging delays of fertilizer and fuel trade, though other factors are in play.
USDA estimates corn acres well above analysts’ average pre-report estimate, while soybean acres were lower. March 1 corn stocks were slightly below expectations, while soybeans were slightly above. Wheat stocks were as expected.
Banker survey finds declining financial conditions but steady real estate values
Markets are skittish after last week’s broad selling...
Corn futures are fractionally mixed, soybeans slightly higher and winter wheat futures are under pressure. Cattle and lean hog futures are higher to start the week...