Agriculture News
Most Fed officials expect three rate cuts this year, but fewer committee members anticipate more than three reductions.
Soybean futures reversed losses from the past two days during overnight trade, while corn and wheat faced price pressure.
Corn, soybeans and wheat held in tight ranges during quiet, two-sided overnight trade.
Weekly wheat and soybean inspections during the week ended March 14 fell 164,665 MT and 98,672 MT, respectively, from the previous week. Meanwhile, corn inspections rose nearly 73,000 MT.
Corn and wheat futures posted mild gains amid corrective buying overnight, while soybeans weakened following earlier strength.
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Corn, soybean and wheat futures held in relatively tight ranges during light, two-sided trade overnight.
The International Grains Council released its initial projections for 2024-25