Agriculture News
Soybeans and wheat posted mild corrective gains overnight, while corn futures extended their price slide.
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.
Access this week’s newsletter here.
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.