Agriculture News
Weekly wheat inspections during the week ended March 13, roes 251,000 MT from the previous week, exceeding expectations. Corn and soybean inspections were each lower on the week.
Basis for both markets remains below average.
Corn, soybeans and wheat declined overnight amid risk aversion.
USDA didn’t change corn, soybean or cotton ending stocks. Projected wheat carryover was increased.
Corn and soybean ending stocks were unchanged from February, while wheat ending stocks increased more than expected.
Corn and soybeans favored the upside overnight, while wheat was mildly weaker.
Updates to the 2024-25 balance sheets will consider trade policies currently in place at the time of publication.
The initial broadcast of our weekly podcast looking at the week ahead and key factors impacting ag markets.
Weekly corn inspection for the week ended March 6 rose 467,000 MT from the previous week, exceeding analysts’ pre-report range.
Wheat futures are sharply higher with corn following to the upside and beans under light pressure. Cattle futures are mixed with lean hogs working higher to start the week...
Cattle and hog futures posted strong corrective rebounds last week to signal short-term lows.