Agriculture News
February’s Farm Financial Performance Index reading of 85 was 1 point lower than January and 13 points below its most recent peak in December.
Kansas City Federal Reserve Bank finds continuing strong demand for farmland despite declining profit margins.
Quarterly survey finds strong financial conditions in rural ag banks.
Weekly export sales data showed net new crop corn sales totaled 758,400 MT in week ended Aug 3, while new crop soybeans sales totaled nearly 1.1 MMT.
USDA will also update its wheat crop estimates, along with the U.S. and global balance sheets.
Annual survey highlights farmland prices and average cash rents across state.
The corn CCI rating is now less than 1% below year-ago, while soybeans and spring wheat are still notably under last year at this time.
USDA reported weekly inspections declined for corn, soybeans and wheat, with wheat falling more than 310,000 MT from the previous week, missing pre-report estimates.
Short-term trends turn bearish for corn, soybeans and wheat.
USDA’s annual survey finds 8.1% gain in average cropland values
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