Agriculture News
Soybean basis weakened on the rollover to the January contract but the cash price firmed.
Fed Chair Jerome Powell left the door open for more rate hikes if needed, but noted ‘risk are now more two-side.’
Corn, soybeans and wheat held in relatively tight trading ranges during two-sided trade overnight.
Corn, soybeans and wheat held in tight trading ranges in light trade overnight.
Initial CCI ratings show wide variance between HRW and SRW.
During week ended Oct. 26, corn inspections rose 82,225 MT, while soybean inspections fell 735,466 MT from the previous week.
Soybeans have firmed this morning, while corn and wheat adopted a weaker tone following two-sided trade overnight.
Access this week’s newsletter here.
Soybeans recouped most of their losses the two previous days during overnight trade, while corn also traded to the upside and wheat had a varied tone.