Agriculture News
Weekly corn export inspections outpaced pre-report expectations by 135,000 MT, while wheat inspections missed by over 100,000 MT.
Short-term trend turns bullish for soybeans and lean hog futures.
Access this week’s newsletter here.
Updated monthly and quarter price forecasts, including the initial outlook for the second quarter of 2024.
Weekly wheat sales, short of pre-report estimates, were down 24% from the previous week, while corn and soybeans were down 45% and 27%, respectively.
Fed Chair Jerome Powell left the door open for more rate hikes if needed, but noted ‘risk are now more two-side.’
Initial CCI ratings show wide variance between HRW and SRW.
During week ended Oct. 26, corn inspections rose 82,225 MT, while soybean inspections fell 735,466 MT from the previous week.
Access this week’s newsletter here.