USDA reports 3% of the country's soybean crop is in the ground, the same as this time last year but two points ahead of the average pace. In all 10 states are reporting progress, and planting is ahead of average.
Unrelenting inflation continues to weigh down the U.S. economy and agriculture. Still, CoBank says it believes the Fed will stick with its decision to cut interest rates three times in 2024.