Agriculture News
Corn futures mildly extended Wednesday’s losses overnight, while soybeans erased gains from yesterday. Wheat was supported by light corrective buying.
Corn basis continued to firm seasonally but remains below the three-year average.
The LanzaJet Inc. facility in Georgia will likely run on mostly sugarcane ethanol imported from Brazil when it starts commercial production.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
Corn, soybeans and wheat traded on both sides of unchanged overnight.
Declines in the HRW CCI rating were fully offset by improvements in SRW crop.
Wheat inspections for the week ended April 11 were up 34,000 MT from the previous week and above the expected pre-report range. Corn and soybean inspections were each lower on the week, but within expectations.
Grain futures are under pressure to open the week. Cattle futures are sharply higher amid corrective buying.
Short-term trend turns bearish for soybeans and soyoil.