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Corn and livestock futures rebound at noon, November soybeans disappointed with China export business, while wheat under pressure with strong dollar.
Russia may not reach its expected harvest of 130 MMT of grain due to weather factors and a lack of spare parts for foreign equipment, the country’s ag ministry said on Friday.
Grains fail to see follow through buying Friday morning despite confirmation of soybean export business. Livestock opened mixed in cattle and lower in hogs.
Finalized on July 19, 2022, BigIron Auctions and Sullivan Auctioneers LLCs have reached an agreement for an acquisition, which will combine two of the biggest online auction companies.
Both agricultural lenders and economists are watching the possible impact higher interest rates will have on not only the number of U.S. farmland sales, but the price.
This structure (or forward curve) in corn and soybean futures should have you focused on this fall’s “Priority 1 bushels.”