Agriculture News
Corn, soybeans and wheat futures are off to a higher start to the week. Cattle futures are mostly lower as lean hog futures firm...
Short-term trend turns bullish for soybeans, soyoil.
Corn and soybean futures extended Friday’s strong gains during the overnight session, while wheat also traded higher.
Announcement is “notice of intent to propose regulations” for 45Z, meaning some important details of interpreting the tax code will be left to the incoming Trump administration | No foreign-origin UCO can tap credit program
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Corn, beans post bullish reaction to USDA’s data.
USDA pegged the final corn yield at 179.3 bu. per acre, down 3.8 bu. from Nov, while the soybean yield was trimmed by 1 bu. per acre to 50.7 bpa. Quarterly corn, soybean stocks were also below expectations, while wheat seedings landed well above.
Corn and soybean sales during the week ended Jan. 2 were each down 40% from the previous week, while wheat sales dipped 21%.
Corn and soybeans extended Thursday’s gains during the overnight session, while wheat futures posted modest corrective gains.
