Agriculture News
Weekly corn sales during the week ended April 4 dropped sharply missing pre-report expectations by a notable 425,000 MT. Meanwhile, soybean and wheat sales were within their respective pre-report range.
Corn favored the downside in light trade overnight, while soybeans and wheat had a mixed tone.
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Corn, soybeans and wheat have adopted firmer tones this morning, led by strong gains in SRW wheat, after two-sided trade overnight.
Corn and soybeans are expected to open under light pressure. Wheat is expected to be mixed, with SRW lower, while HRW and HRS futures are likely to open with a firmer tone.
Weekly soybean sales during the week ended March 28 missed the pre-report range, while corn sales landed below 1.0 MMT for the first time since mid-February. Shipments, however, reached a marketing-year high.
Corn, soybeans and wheat posted light, two-sided trade overnight but have adopted a slightly firmer tone this morning.
Corn basis firmed despite an uptick in the cash price but remains weaker than average.
Expectations for lower interest rates fueled the improved sentiment.
Corn, soybeans and wheat firmed amid mild corrective buying during overnight trade.