Agriculture News
Marketings also dropped sharply during March.
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Creighton University’s survey finds bankers remain pessimistic on economic outlook.
The 90-day outlook calls for above-normal temps over most areas of the country, with “equal chances” of rainfall over most of the Corn Belt.
Weekly corn sales for the week ended April 11 rose 54% from the previous week, but still down 45% from the four-week average. Soybean sales were up 59% from the previous week and 62% from the four-week average.
The LanzaJet Inc. facility in Georgia will likely run on mostly sugarcane ethanol imported from Brazil when it starts commercial production.
Declines in the HRW CCI rating were fully offset by improvements in SRW crop.
Wheat inspections for the week ended April 11 were up 34,000 MT from the previous week and above the expected pre-report range. Corn and soybean inspections were each lower on the week, but within expectations.
Grain futures are under pressure to open the week. Cattle futures are sharply higher amid corrective buying.