Agriculture News
Corn, soybeans and wheat modestly favored the upside, while holding in tight trading ranges during a quiet overnight session.
The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.
The RMI below growth neutral for fourth consecutive month.
Pork export sales for 2023 and 2024 were strong and weekly shipments were a high for the year.
Corn, soybeans and wheat traded in narrow ranges during the overnight session.
Basis firmed for soybeans and is now positive.
Corn, soybean and wheat futures traded narrowly on either side of unchanged during quiet overnight price action.
Soybeans erased Monday’s gains during overnight trade, while corn and the winter wheat markets faced mild followthrough selling.
Wheat inspections were near the middle of the expected range.