Agriculture News
These initial projections released as part of the Ag Outlook Forum are based on the February WASDE Report.
Corn, soybeans and wheat faced price pressure during the overnight session.
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While net corn sales slid modestly during the week ended Feb. 13, weekly exports totaled 1.61 MMT. Mexico, Japan and South Korea were top destinations.
Corn and soybean futures chopped around unchanged in quiet overnight trade while wheat firmed.
Cash corn prices rise and remain well above year-ago.
The Seasonal Drought Outlook calls for drought to develop or persist over the bulk of HRW wheat areas, while most of the Corn Belt will be drought-free.
Corn, soybeans and wheat recouped some of Wednesday’s losses during the overnight session.
Corn and soybean basis firmed despite higher cash prices.
Policymakers are watching the rollout of Trump’s economic-policy plans and how they might shape the economy.