Thursday, February 15, 2024 10:33AM CST
USDA's Grains and Oilseeds Outlook for the upcoming 2024-25 marketing year sees the highest corn ending stocks since the 2005-2006 season, while the soybean stocks are forecast to increase 120 million bushels. Prices are forecast to average $4.40 per bushel of corn and $11.20 per bushel of soybeans.
Thursday, February 15, 2024 8:34AM CST
The livestock sector will benefit from lower feed prices in 2024 as cattle and beef producers are projected to see higher prices as well. A trend in the livestock and poultry sectors is that exports will be challenged because of increased production by competitors, especially Brazil.
Wednesday, February 14, 2024 5:04PM CST
Eight days after a federal court vacated the registration of three over-the-top dicamba products, EPA released an existing stocks order that provides direction for those products' use in 2024.
March corn is down 1 1/2 cents per bushel, March soybeans are down 1 3/4 cents, March KC wheat is down 6 cents, March Chicago wheat is down 6 1/2 cents and March Minneapolis wheat is down 2 1/4 cents.
It appears a greater price correction is taking place in the livestock complex, fueled by the potential for lower cash cattle trade this week. Strong buying interest was uncovered in hog futures with the April contract leading the way. The decline in hog weights and a possible tighter supply provided support.