Agriculture News
November’s 12-point rise in the Current Conditions Index to a reading of 113 was primarily responsible for this month’s sentiment improvement as the Index of Future Expectations only improved by 2 points.
Corn, soybeans and wheat traded on both sides of unchanged while holding in tight ranges during the overnight session.
Weekly corn inspections during week ended Nov. 30 totaled 1.16 MMT, exceeding the pre-report range by nearly 260,000 MT, while wheat and soybean inspections each fell short of respective pre-report ranges.
Corn and soybeans traded lower through the overnight session, while wheat firmed this morning after earlier losses
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Selling pressure built through the overnight session, with corn, soybeans and wheat trading near session lows earlier this morning.
Our updated monthly and quarterly price forecasts.
Weekly corn, soybean and wheat sales for week ended Nov. 23 each topped pre-report expectations and rose notably from the previous week.
Corn, soybeans and wheat again traded in relatively tight ranges during a quiet overnight session.