Agriculture News
Cash grain prices continue to fall; sharply below year-ago.
Basis remains weaker than average for corn, soybeans and wheat.
Grain and soy markets are expected to open under solid pressure this morning after weak trade overnight.
Wheat futures led broad losses in the grain and soy complex during the overnight session as markets weakened amid technical selling and a lack of supportive news.
Valuable insights into demographics, economics, land use and activities on U.S. farms and ranches.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
For the week ended Feb., USDA showed corn and wheat inspections up 230,000 MT and 112,000 from the previous week, while soybean inspections fell 420,000 MT after a 320,000 MT upward revision to last week’s figure.
Most short-term, intermediate and long-term trends unchanged.
Corn and soybean futures firmed amid mild corrective buying overnight, while wheat traded lower.