Agriculture News
Weekly corn and soybean inspections during the week ended Oct. 17 rose solidly from the previous week, each landing near the upper-end of pre-report expectations. Wheat inspections declined over 100,000 MT, missing analysts’ range of expectations.
Sharp drop in weekly cash corn and soybean prices as harvest remains rapid.
ENSO-neutral conditions remain in place, but CPC signals there are 60% odds a weak La Niña event will develop by the end of November and persist through winter.
Corn, soybeans and the winter wheat markets faced price pressure overnight, while spring wheat traded mildly higher.
Notable weekly declines in cash prices for corn, soybeans and wheat.
Corn, soybean and spring wheat futures posted mild corrective gains overnight, while the winter wheat markets faced light followthrough selling.
Corn inspections during the week ended Oct. 10 totaled 430,323 MT, down 518,000 MT from the previous week and well below the pre-report range.
Corn, soybeans and wheat are under pressure to start the week. Cattle futures are choppy with lean hogs mixed…
