Agriculture News
Corn and soybean futures open the week with mild gains as wheat futures soften. Livestock futures are moderately to sharply lower with fat cattle leading the way down...
Iowa State University’s annual survey finds steady cash rents for 2024.
Weekly changes in CCI ratings were led by top producers Kansas (HRW) and Illinois (SRW).
Short-term trend shifts from bullish to neutral for corn.
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RMI registers negative for ninth consecutive month.
During the week ended May 9, weekly pork sales totaled 21,100 MT, a marketing-year low, while soybean sales missed the pre-report range of estimates, falling 38% from the previous week. Weekly corn sales dropped 17%.
Drought covers 25% of winter wheat areas, 12% for corn and 9% for soybeans.
The HRW crop improved despite a drop in the Kansas crop.
Soybean export inspections during the week ended May 9 reached 406,000 MT, above the expected pre-report range and up 48,000 MT from the previous week. Corn and wheat inspections were as expected.