USDA Reports Slightly Friendly Corn, Bearish Beans and Wheat, But Markets See Red on Govt. Shutdown

USDA reports slightly friendly corn, bearish beans and wheat with bigger spring wheat crop. All markets in the red on govt. shutdown. Matt Bennett, AgMarket.Net has analysis from the combine!

USDA quarterly stocks are slightly friendly corn, bearish beans. Small grains summary shows increase in production, especially in spring wheat. Grain and livestock markets all in the red with the fear of the government shutdown trumping it all! Matt Bennett, AgMarket.Net has analysis from the combine cab!

AgWeb-Logo crop
Related Stories
Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Read Next
Senate Ag Committee’s 10-11 farm bill vote stalls the legislation, but a bipartisan 17-6 vote on mandatory country-of-original labeling keeps mandatory beef labeling alive for a potential September revote.
Get News Daily
Get Market Alerts
Get News & Markets App