Agriculture News
Corn, soybeans and wheat traded in narrow ranges during the overnight session ahead of USDA’s reports later this morning.
Grain futures are mildly firmer to open the week. Cattle futures are under pressure from last Friday’s Cattle on Feed Report.
Corn and soybean futures swung to both sides of unchanged during the overnight session, while wheat favored the upside.
Annual report from Illinois Society of Professional Farm Managers and Rural Appraisers.
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Soybean futures posted sharp losses overnight, while corn and wheat traded mildly lower.
Creighton University’s monthly survey finds negative outlook by bankers deepening but farmland values holding stable.
The Seasonal Drought Outlook calls for drought to persist across much of Iowa, Minnesota and Wisconsin through June.
Weekly wheat sales were reported at (109,600) MT for the week ended March 14, which were down noticeably from the previous week. Corn and soybean sales were as expected.
Soybeans posted followthrough buying to Wednesday’s strong gains during overnight trade, while corn and wheat mildly favored the upside.