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After the Bell | September 21, 2023 Commodities faced risk-off selling amid U.S. dollar strength from a more hawkish tone following this week’s FOMC meeting.
Ukrainian grain transits Black Sea via temporary corridor, Aussie heat threatens wheat crop and the Bank of England hold rates steady...
FOMC | China buys U.S. soybeans, cotton | John Deere layoffs | GAO on Vilsack & CCC
Above-normal October rainfall would hamper corn and soybean harvest, but benefit winter wheat.
Grain markets were not immune to broad market selling pressure overnight, with corn, soybeans and wheat each facing losses into the break.
Weekly soybean sales for week ended Sept. 14, were reported at 434,100 MT, short , over 100,000 MT shy of the low-end pre-report estimate, while weekly corn and wheat sales landed just above the low-end estimate.