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Wheat futures expected lower as market extends sell-off; corn lower on outlook for improved planting.
China slashed key interest rate | Deere: ‘Strong demand’ helped offset supply-chain pressures
Wheat futures faced followthrough selling pressure overnight, while corn also traded lower. Soybeans have turned mixed after earlier weakness.
Wheat futures drop sharply for second day with rain relief ahead for U.S. Plains; soybeans rise to three-week high on exports.
The Rural Mainstreet Index finds loan volumes up on increased input costs.
Big weekly gains in cash prices for corn, soybeans and wheat.