Agriculture News
Corn, soybean and wheat futures pulled back from Monday’s price gains during the overnight session.
Corn, soybean and wheat weekly export inspections during the week ended Feb. 29 each fell from the previous week, though all were within pre-report expectations.
Corn and soybeans traded higher amid corrective buying overnight, while the winter wheat markets favored the downside and spring wheat was mixed.
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Soybean futures posted corrective gains overnight, while the corn and wheat markets favored the downside in light trade.
Weekly cotton sales during the week ended Feb. 22 were down 69% from the previous week and 83% from the four-week average. Meanwhile, corn, soybean and wheat sales each rose week-over-week.
Corn and soybeans favored the downside and are near session lows this morning, while wheat is mostly weaker.
Basis firms for both corn and soybeans but remains slightly below average.