Agriculture News
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.
Nearly every category topped the average pre-report estimates.
Corn planting intentions and March 1 stocks came in lower than expected.
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USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.