Agriculture News
Corn modestly favored the downside overnight, while soybeans and wheat failed to sustain early price strength and have weakened this morning.
Corn, soybeans and wheat all traded solidly to the downside during overnight trade.
Annual Iowa State University survey finds farmland values rose in first half 2023, plateaued by end of year.
Corn and wheat are expected to open higher amid corrective buying, with soybeans likely to face light profit-taking.
Soybean futures built on Monday’s gains during the overnight session, while corn and wheat firmed amid corrective buying.
Corn and soybean inspections during week ended Dec. 7 declined 464,719 MT and 188,847 MT, respectively, while wheat inspections rose nearly 95,000 MT.
Beans are expected open higher, wheat lower and corn near unchanged.
Soybeans traded higher amid corrective buying overnight, while corn and wheat favored the downside.
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USDA cut corn, wheat and cotton ending stocks, while leaving soybean carryover unchanged.