Agriculture News
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.
Corn, soybeans and wheat mildly favored the downside in relatively quiet overnight price action.
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After weaker trade early in the overnight session, modest corrective buying gradually built in corn and soybeans, while wheat is narrowly mixed this morning.
Markets had a muted reaction to USDA’s April Supply & Demand Report.