Agriculture News
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…
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USDA raises corn crop estimate but new-crop ending stocks now slightly below 2 billion bushels.
On average, analysts expected a modest decline in corn yield from September, though USDA increased the figure 0.2 bu., with production now estimated at 15.203 billion bu. Soybean production was pegged at 4.582 billion bu., using a yield of 53.1 bu. per acre.
Corn, soybeans and the winter wheat market mildly favored the upside in quiet overnight trade ahead of USDA’s October crop reports later this morning.
