Agriculture News
Weekly wheat sales reached a marketing-year high in week-ended Oct. 5, while soybean sales rose 31% on the week and were up 68% from the four-week average.
USDA reported weekly soybean inspections of 1.04 MMT, notably above the pre-report range.
Corn and soybeans extended Monday’s losses during overnight trade, while wheat more than wiped out yesterday’s gains.
Corn, soybeans and wheat firmed overnight on support from crude oil as it responded to a major geopolitical shock over the weekend when Hamas raided Israel.
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Corn, soybeans and wheat spent time on both sides of unchanged while holding in tight trading ranges overnight.
USDA reported weekly corn sales of 1.8 MMT during week ended Sept. 28, increasing export commitments to nearly 9% ahead of last year.
Corn and soybeans faced fresh selling pressure during overnight trade, while wheat firmed amid light corrective buying.
Semi-annual survey of land professionals finds flattening in Iowa land values.