Agriculture News
Frozen pork stocks declined contra-seasonally during February, while beef inventories fell more than average.
Corn inspections during the week ended March 21 totaled 1.228 MMT, down nearly 100,000 MT on the week but more than double the same week a year-ago. Meanwhile, soybean inspections rose 68,000 MT on the week.
Annual report from Illinois Society of Professional Farm Managers and Rural Appraisers.
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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.