Agriculture News
Corn, soybean and wheat futures were relatively quiet during the overnight session as traders await USDA’s October crop reports later this morning.
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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.
Basis remains much weaker than normal for corn, soybeans and wheat amid weak demand and transportation woes.
Soybean futures firmed amid corrective buying overnight, while wheat declined and corn chopped around unchanged.
Farmers’ sentiment for the second month in a row as attitudes toward current conditions and future expectations declined.
Corn and soybean futures failed to build on Monday’s gains and traded lower overnight, while wheat had a mixed tone.