Agriculture News
Corn and soybeans are posting mild weakness with wheat futures moderately lower. Livestock futures are narrowly mixed but generally higher to start the week...
Corn and soybean basis declined along with cash prices.
Followthrough buying in wheat, corn and beans extend losses overnight.
Iowa was the only state in the Farm Credit Services report to experience a decline in farmland values.
Annual USDA Report Pegs Average Value at $5,570 an Acre
All three crops remain rated well above last year at this time.
Josh Linville, Director of Fertilizer at StoneX surveys the current situation and looks out to the coming months
Weekly corn inspections during the week ended Aug. 1 totaled 1.2 MMT, up 143,000 MT from the previous week and topping analysts’ pre-report expectations.
