Agriculture News
Corn, soybeans and wheat are expected to open lower on followthrough selling, but all three markets finished well off their overnight lows.
Corn, soybeans and SRW wheat faced followthrough selling overnight, while HRW and HRS wheat futures pulled back from Tuesday’s gains.
Corn, soybean and winter wheat futures are expected to open solidly lower after selling pressure overnight.
Updated crop estimates from Dr. Michael Cordonnier.
Corn, soybean and winter wheat futures faced pressure overnight, while spring wheat traded mildly higher.
Top producer Kansas led the HRW decline, falling nearly 3.6 points over the past week.
Weekly corn inspections fall short of pre-report estimates, while corn and wheat inspections land near the lower-end of their respective ranges.
Soybeans and wheat are expected to trade solidly higher after active followthrough buying overnight. Corn futures are called mixed, but should be helped by spillover from soybeans and wheat, along with outside markets.
Soybeans and wheat extended last week’s gains amid followthrough buying during overnight trade, while corn posted two-sided trade.
“Packers are scrambling,” Derrell Peel, an Oklahoma State University agricultural economist, told Reuters.
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Corn, soybean and wheat futures are expected to open higher amid corrective buying.
Corn, soybeans and wheat firmed amid corrective buying during overnight trade.
Our monthly and quarterly price forecasts, including the first projections for the fourth quarter.
Weekly corn sales notched net reductions in week ended April 27, while shipments rose to a marketing year high of 1.699 MMT. Soyoil, cotton and pork shipments also reached marketing-year highs during the week.
Grain and soy futures are expected to open weaker after failing to sustain Wednesday’s corrective gains overnight.
Corn, soybean and wheat futures were unable to build on Wednesday’s strong gains and faced pressure overnight.
Wheat basis firmed along with a rise in cash prices.
JPMorgan Chase & Co could process another 40 Russian grain export payments, two sources told Reuters.