Agriculture News
Corn, soybean and wheat futures held in tight price ranges in a lightly traded overnight session ahead of USDA’s reports later this morning.
USDA reported inspections for corn, soybeans and wheat within trade expectations. Corn inspections remain steadily ahead of year-ago, while soybeans went from notably trailing year-ago to running ahead.
Corn, soybean and wheat futures held in tight trading ranges in light, two-sided trade overnight.
Feedlot inventories declined from year-ago for a 12th consecutive month.
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Grain and soy markets are expected to see light corrective buying.
Corn, soybean and wheat futures posted mild gains amid corrective buying in light overnight trade.
Above-normal October rainfall would hamper corn and soybean harvest, but benefit winter wheat.
Weekly soybean sales for week ended Sept. 14, were reported at 434,100 MT, short , over 100,000 MT shy of the low-end pre-report estimate, while weekly corn and wheat sales landed just above the low-end estimate.
Corn, soybeans and wheat pulled back from corrective gains earlier this week during the overnight session.