Agriculture News
Corn and soybeans traded higher amid corrective buying overnight, while the winter wheat markets favored the downside and spring wheat was mixed.
Soybeans firmed amid followthrough buying overnight, while corn and wheat mildly favored the upside is light trade.
Weekly corn inspections during the week ended Feb. 22 totaled 1.242 MMT, exceeding the pre-report range by over 91,000 MT and rose nearly 190,000 MT from the previous week.
No changes to the short-term chart trends this week.
Corn, soybeans and wheat traded lower overnight, with nearby corn and soybeans falling to new contract lows.
Placements declined from year-ago levels for a third straight month – a trend that will continue.
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Net soybean sales during the week ended Feb. 15 were down 84% from the previous week, while weekly corn and wheat sales were down 37% and 33%, respectively.
Corn, soybeans and wheat firmed amid corrective buying during the overnight session.
Wheat futures led a round of corrective buying in the grain markets during overnight trade.
Central Illinois cash corn price below $4.00 for first time since October 2020.