Agriculture News
While falling short of pre-report expectations, both wheat and soymeal sales are running well ahead of year-ago. Meanwhile, soybean sales jumped 99% from the previous week and corn sales declined 11%.
Monthly Rural Mainstreet Index finds record low banker pessimism.
Kansas City Federal Reserve highlights district ag credit conditions.
Rural Mainstreet Index slips deeper into the red.
Policymakers dial back rate cut expectations.
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.
Short-term trend turns sideways for corn, live cattle and feeders.
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