Agriculture News
Corn and soybean basis now just slightly weaker than average.
China’s economy grew 4.9% year on year in third quarter, beating estimates
Soybeans posted followthrough buying overnight, while corn and wheat rebounded from losses earlier this week.
Corn, soybean and wheat futures again held in tight trading ranges during the overnight session.
Soybean export inspections during week ended Oct. 12 rose over 600,000 MT from the previous week, notably exceeding pre-report estimates. Meanwhile, corn inspections fell short of the expected range.
Short-term trend flips from bearish to sideways for soymeal.
Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.
Iowa has entered the legal fray by challenging a recently enacted Massachusetts law that prohibits the sale of pork not meeting specific hog-confinement standards, according to the Iowa Capital Dispatch.
