Agriculture News
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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.
Corn and soybean basis continues to fall as harvest activity increases.
Corn, soybeans and wheat posted mild corrective gains during a lightly traded overnight session.
Corn, soybean and wheat futures faced followthrough selling to Monday’s losses during overnight trade.