Agriculture News
During the week ended Jan. 18, weekly corn and soybean inspections dropped 233,127 MT and 117,068 MT, respectively, while wheat inspections rose 72,112 MT from the previous week’s totals.
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The Office of Management and Budget (OMB) has scheduled an increasing number of meetings concerning the EPA’s final rule on levels for the Renewable Fuel Standard (RFS).
Weekly export data for week ended May 18, showed net reductions for corn and wheat, while soybean sales were up noticeably from the previous week. Though, meal sales were the highlight; up 68% from the four-week average.
Cash hog prices continue slow, methodical seasonal climb.
Beef stocks declined more than average, while pork inventories climbed more than normal during April.
CCI ratings remain historically low for the HRW crop and above average for SRW.
Annual ISU survey highlights cash rents paid for 2023.
Weekly wheat inspections for week ended May 18, showed 407,682 MT, topping the range of expectations. Corn inspections were near the top-end of the pre-report range and up nearly 150,000 MT from the week prior.
Short-term trends turn bullish for cotton and live cattle; bearish for soymeal.
On the surface, the report data is neutral. But the underlying numbers are bullish.