Agriculture News
Weekly cotton sales during the week ended Feb. 22 were down 69% from the previous week and 83% from the four-week average. Meanwhile, corn, soybean and wheat sales each rose week-over-week.
HRW crop continues to rebound from a rough start last fall.
Weekly corn inspections during the week ended Feb. 22 totaled 1.242 MMT, exceeding the pre-report range by over 91,000 MT and rose nearly 190,000 MT from the previous week.
No changes to the short-term chart trends this week.
Placements declined from year-ago levels for a third straight month – a trend that will continue.
Net soybean sales during the week ended Feb. 15 were down 84% from the previous week, while weekly corn and wheat sales were down 37% and 33%, respectively.
Central Illinois cash corn price below $4.00 for first time since October 2020.
Weekly corn inspections during the week ended Feb. 15 rose a modest 26,000 MT, while soybean and wheat inspections declined on the week.
No changes to short-term trends for grain and livestock markets.
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