Agriculture News
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.
Corn, soybeans and wheat held in tight ranges during light, two-sided overnight trade.
SRW CCI rating was virtually unchanged over the winter.
Weekly corn and wheat inspections each topped pre-report estimates for the week ended March 28, while soybeans missed the low-end pre-report estimate by 86,000 MT.
Soybeans posted solid gains amid corrective buying overnight, while corn and wheat futures pulled back from last Thursday’s gains.