Agriculture News
Soybean stocks and wheat production came in higher than expected. Sept. 1 corn stocks were lower than anticipated.
Corn futures held near unchanged, while soybeans and wheat posted mild gains during a quiet overnight session.
Illinois led the increase in condition ratings for both crops.
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.