Latest News From Agriculture News

Midweek Cash Markets | April 17, 2024
Midweek Cash Markets | April 17, 2024

Corn basis continued to firm seasonally but remains below the three-year average.

Brazil first to make ethanol for SAF
Brazil first to make ethanol for SAF

The LanzaJet Inc. facility in Georgia will likely run on mostly sugarcane ethanol imported from Brazil when it starts commercial production.

First Thing Today | April 17, 2024
First Thing Today | April 17, 2024

Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.

First Thing Today | April 16, 2024
First Thing Today | April 16, 2024

Corn, soybeans and wheat traded on both sides of unchanged overnight.

HRW CCI ratings post notable decline, led by Kansas
HRW CCI ratings post notable decline, led by Kansas

Declines in the HRW CCI rating were fully offset by improvements in SRW crop.

Weekly wheat inspections exceed pre-report expectations
Weekly wheat inspections exceed pre-report expectations

Wheat inspections for the week ended April 11 were up 34,000 MT from the previous week and above the expected pre-report range. Corn and soybean inspections were each lower on the week, but within expectations.

Monday Morning Wake Up Call | April 15, 2024
Monday Morning Wake Up Call | April 15, 2024

Grain futures are under pressure to open the week. Cattle futures are sharply higher amid corrective buying.

Chart Trends | April 15, 2024
Chart Trends | April 15, 2024

Short-term trend turns bearish for soybeans and soyoil.

First Thing Today | April 15, 2024
First Thing Today | April 15, 2024

Corn, soybeans and wheat mildly favored the downside in relatively quiet overnight price action.

First Thing Today | April 12, 2024
First Thing Today | April 12, 2024

After weaker trade early in the overnight session, modest corrective buying gradually built in corn and soybeans, while wheat is narrowly mixed this morning.

PF Report Reaction: USDA's report data fails to provide bullish spark
PF Report Reaction: USDA's report data fails to provide bullish spark

Markets had a muted reaction to USDA's April Supply & Demand Report.

Report Snapshot: U.S. and global corn, soybean carryover top average pre-report estimates
Report Snapshot: U.S. and global corn, soybean carryover top average pre-report estimates

USDA showed slightly larger-than-expected U.S. carryover for corn, soybeans and wheat, while global corn and soybean carryover also topped average pre-report estimates. Global wheat carryover was lower.

Weekly corn sales drop sharply to marketing-year low
Weekly corn sales drop sharply to marketing-year low

Weekly corn sales during the week ended April 4 dropped sharply missing pre-report expectations by a notable 425,000 MT. Meanwhile, soybean and wheat sales were within their respective pre-report range.

First Thing Today | April 11, 2024
First Thing Today | April 11, 2024

Corn, soybeans and wheat held in tight ranges during relatively quiet overnight trade ahead of USDA’s April crop reports later this morning.

Market Watch | April 11, 2024
Market Watch | April 11, 2024

Cash corn and soybean prices inch up but still well below year-ago.

Midweek Cash Markets | April 10, 2024
Midweek Cash Markets | April 10, 2024

Corn basis turns positive but still below average.

U.S. consumer inflation rises more than expected in March
U.S. consumer inflation rises more than expected in March

Market now reflects the highest odds are for the first rate cut in September.

First Thing Today | April 10, 2024
First Thing Today | April 10, 2024

Grain and soy futures firmed amid corrective buying overnight, led by HRW wheat contracts.

HRW CCI rating slips, SRW crop modestly improves
HRW CCI rating slips, SRW crop modestly improves

CCI ratings for both crops are above year-ago, especially for HRW.

Weekly corn inspections surpass expectations for the second straight week
Weekly corn inspections surpass expectations for the second straight week

Corn inspections during the week ended April 4 were down 51,859 MT from the previous week but topped pre-report expectations. Wheat and soybean inspections also fell from the previous week but were as expected.

Chart Trends | April 8, 2024
Chart Trends | April 8, 2024

A lot of movement in short-term trends.

First Thing Today | April 8, 2024
First Thing Today | April 8, 2024

Corn favored the downside in light trade overnight, while soybeans and wheat had a mixed tone.

First Thing Today | April 5, 2024
First Thing Today | April 5, 2024

Corn, soybeans and wheat have adopted firmer tones this morning, led by strong gains in SRW wheat, after two-sided trade overnight.

Market Watch | April 4, 2024
Market Watch | April 4, 2024

Our updated monthly and quarterly price forecasts.

Ahead of the Open | April 4, 2024
Ahead of the Open | April 4, 2024

Corn and soybeans are expected to open under light pressure. Wheat is expected to be mixed, with SRW lower, while HRW and HRS futures are likely to open with a firmer tone.

Weekly soybean sales short of pre-report expectations
Weekly soybean sales short of pre-report expectations

Weekly soybean sales during the week ended March 28 missed the pre-report range, while corn sales landed below 1.0 MMT for the first time since mid-February. Shipments, however, reached a marketing-year high.

First Thing Today | April 4, 2024
First Thing Today | April 4, 2024

Corn, soybeans and wheat posted light, two-sided trade overnight but have adopted a slightly firmer tone this morning.

Midweek Cash Markets | April 3, 2024
Midweek Cash Markets | April 3, 2024

Corn basis firmed despite an uptick in the cash price but remains weaker than average.

Farmer sentiment improves as future expectations strengthen
Farmer sentiment improves as future expectations strengthen

Expectations for lower interest rates fueled the improved sentiment.

First Thing Today | April 3, 2024
First Thing Today | April 3, 2024

Corn, soybeans and wheat firmed amid mild corrective buying during overnight trade.

First Thing Today | April 2, 2024
First Thing Today | April 2, 2024

Corn, soybeans and wheat held in tight ranges during light, two-sided overnight trade.

HRW CCI ratings post big jump from last fall
HRW CCI ratings post big jump from last fall

SRW CCI rating was virtually unchanged over the winter.

Corn, wheat export inspections top pre-report estimates while soybeans miss
Corn, wheat export inspections top pre-report estimates while soybeans miss

Weekly corn and wheat inspections each topped pre-report estimates for the week ended March 28, while soybeans missed the low-end pre-report estimate by 86,000 MT.

Chart Trends | April 1, 2024
Chart Trends | April 1, 2024

Short-term trend turns up for corn and wheat.

First Thing Today | April 1, 2024
First Thing Today | April 1, 2024

Soybeans posted solid gains amid corrective buying overnight, while corn and wheat futures pulled back from last Thursday’s gains.

H&P Report negative compared to pre-report expectations
H&P Report negative compared to pre-report expectations

Nearly every category topped the average pre-report estimates.

PF Report Reaction: Bullish USDA data for corn
PF Report Reaction: Bullish USDA data for corn

Corn planting intentions and March 1 stocks came in lower than expected.

Report Snapshot: USDA shows lighter-than-expected corn acres and stocks
Report Snapshot: USDA shows lighter-than-expected corn acres and stocks

USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.

Weekly wheat sales exceed expectations, while soybeans miss
Weekly wheat sales exceed expectations, while soybeans miss

Weekly wheat sales were just above the pre-report range for the week ended March 21, while soybean sales missed the expected range by 36,000 MT. Corn sales held steady at 1.21 MMT.

First Thing Today | March 28, 2024
First Thing Today | March 28, 2024

Corn, soybeans and wheat traded in narrow ranges during the overnight session ahead of USDA’s reports later this morning.

Market Watch | March 27, 2024
Market Watch | March 27, 2024

Cash cattle prices soar to all-time high.

First Thing Today | March 27, 2024
First Thing Today | March 27, 2024

Corn, soybeans and wheat extended Tuesday’s losses during the overnight session.

Midweek Cash Markets | March 26, 2024
Midweek Cash Markets | March 26, 2024

Corn and soybean basis firmed a little as cash prices weakened.

First Thing Today | March 26, 2024
First Thing Today | March 26, 2024

Corn, soybeans and wheat faced mild price pressure during a relatively quiet overnight session.

HRW wheat conditions continue to improve in March
HRW wheat conditions continue to improve in March

State-level winter wheat condition ratings signaled more general improvement in the HRW crop over the past month, despite a minor downtick in top producer Kansas.

Dairy cow disease tied to HPAI
Dairy cow disease tied to HPAI

USDA says a small number of dairy herds in Texas and Kansas tested positive for a strain of highly pathogenic avian influenza (HPAI).

February frozen meat stocks signal strong demand
February frozen meat stocks signal strong demand

Frozen pork stocks declined contra-seasonally during February, while beef inventories fell more than average.