News
USDA pegged winter wheat production at 1.875 billion bu., just below expectations along with new-crop wheat U.S. ending stocks. However, U.S. and global corn and soybean ending stocks were above pre-report estimates.
The corn and spring wheat CCIs slipped from their initial ratings, while the first rating for soybeans was strong.
Corn, soybean and wheat export inspections during the week ended June 6, each notched a weekly decline, with soybean inspections marking the greatest drop, down 130,215 MT from the previous week.
Wheat futures are sharply lower. Corn and soybeans are mostly steady to slightly higher. Live and feeder cattle futures are sharply higher with lean hogs under pressure to start the week...
Iraq oil | Saudi ‘petrodollar’ | Port of Baltimore | ECO subsidy rate increased to 65% for 2025 insurance year
Corn and soybeans rebounded from Friday’s losses overnight while wheat continues to face sharp selling pressure.
Short-term trend turns sideways for corn, live cattle and feeders.
Corn and soybean futures trade on both sides of unchanged overnight but have firmed and are near session highs this morning. Wheat faced followthrough selling overnight.
FY 2025 Ag Approps | WASDE June 12 | FOMC, CPI June 12 | Court rules against USDA | April pork exports largest in nearly three years; beef exports also trend higher
Texas judge grants injunction against USDA’s ERP, bans race and sex discrimination in payments