Agriculture News
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Grain and soy futures are expected to open solidly higher this morning on followthrough buying.
Corn, soybeans and wheat extended Thursday’s gains during the overnight session.
Our updated monthly and quarterly price forecasts, including the initial projections for the fourth quarter.
Grain and soy futures are expected to open solidly higher on followthrough from overnight price strength.
Weekly soymeal sales during the week ended April 25 missed pre-report expectations and were down 57% from the previous week and 37% four-week average. Corn, soybean and wheat sales were as expected.
Corn and soybean futures built on Wednesday’s gains during the overnight session while wheat futures rebounded.
Fed officials signaled a cut to interest rates was still possible this year, despite the “no further progress” on inflation
Basis drops for corn and soybeans on the rollover to the July contracts.
Corn and soybeans faced mild followthrough selling during the overnight session. Wheat traded mostly lower overnight, though SRW wheat futures have firmed this morning.