Agriculture News
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Creighton University’s monthly survey finds negative outlook by bankers deepening but farmland values holding stable.
The Seasonal Drought Outlook calls for drought to persist across much of Iowa, Minnesota and Wisconsin through June.
Weekly wheat sales were reported at (109,600) MT for the week ended March 14, which were down noticeably from the previous week. Corn and soybean sales were as expected.
Most Fed officials expect three rate cuts this year, but fewer committee members anticipate more than three reductions.
Weekly wheat and soybean inspections during the week ended March 14 fell 164,665 MT and 98,672 MT, respectively, from the previous week. Meanwhile, corn inspections rose nearly 73,000 MT.
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The International Grains Council released its initial projections for 2024-25
Weekly corn sales during the week ended March 7 totaled 1.28 MMT, up 16% from the previous week, while soybean and wheat sales each faded, down 39% and 69%, respectively. Wheat sales were at a marketing-year low.