Agriculture News
Corn inspections during the week ended May 29 rose 157,000 MT, topping the pre-report range. Soybean inspections also rose on the week, while wheat inspections declined modestly.
Weather, trade and geopolitics a split focus as June begins.
Wheat futures are higher with corn following higher and soybeans under pressure. Cattle and hog futures are higher to start the week...
Short-term trends remain mostly sideways for the major grain markets.
Corn and wheat traded higher overnight, soybeans are lower to start the week.
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Corn sales during the week ended May 22 dipped 23%, while soybean sales declined 53%. Meanwhile, new-crop wheat sales remained firm.
Corn, soybean and winter wheat markets poised for weekly losses, while spring wheat bucked the trend to trade higher.
Cash soybeans remain well below last year.
Only four years since 1980 have not had a summer soybean rally.