Agriculture News
RMI Negative for Seventh Time this Year.
Corn and soybean acres in drought increased again this week
USDA reported weekly corn sales totaled 1.23 MMT, while soybean sales stood at 923,000 MT.
Wheat exports are performing stronger than in recent years
The crop is drying down rapidly, given the weather conditions across much of the country. Agronomists are concerned farmers will combine fields too late and advise starting at 13% moisture or even higher.
The largest increase for USDA’s corn acreage estimate in 30 years
Corn, soybean and wheat inspections were up notably on the week, each surpassing analysts’ pre-report range of expectations.
Corn futures are under light pressure with wheat futures slightly higher to unchanged and soybeans up a few cents. Livestock futures are moderately higher to start the week...
An unexpected increase to corn acres weighing on prices