Agriculture News
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.
Corn and soybean futures mildly favored the downside in quiet, two-sided overnight trade, while wheat firmed.
Corn, soybeans and wheat traded in narrow ranges during a quiet overnight session.
The average cash soybean price dropped sharply over the past week.
Corn, soybeans and wheat faced mild followthrough selling overnight after heavy losses to open the new year on Tuesday.
Weekly corn inspections during week ended Dec. 28 were down over 650,000 MT from the previous week to 570,000 MT. Wheat and soybean inspections were also down 187,000 MT and 156,000 MT, respectively.
The Current Conditions Index for December was 112, while the Future Expectations Index was 115, both down one point from the previous month.
No overnight grain trade. Grain and livestock markets will resume trading at 8:30 a.m. CT.