Agriculture News
Corn futures built on Wednesday’s gains overnight, while soybeans and wheat also firmed amid corrective buying.
Corn and soybean basis weakens on the rollover to May futures.
Wheat futures faced followthrough selling during the overnight session, while corn and soybeans held near unchanged in quiet trade.
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.
Access this week’s newsletter here.
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.