Agriculture News
Basis firmed for soybeans and cash prices dropped.
Corn, soybeans and wheat were unable to build on Tuesday’s corrective gains during overnight trade.
Corn, soybeans and wheat recouped a portion of Monday’s losses during overnight trade.
During the week ended Jan. 4, weekly wheat inspections topped pre-report estimates by over 140,000 MT, while soybean inspections were just shy of the pre-report range of 700,000 MT to 1.125 MMT.
Short-term trend turns bullish for live cattle and feeders.
Grain futures posted two-sided trade overnight, though markets are mostly weaker this morning.
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Weekly corn, wheat and soybean sales each missed pre-report expectations for the week ended Dec. 28, while corn and soybean sales slid to a marketing-year low.