Agriculture News
Corn, soybeans and wheat held in relatively tight ranges while spending time on both side of unchanged during overnight trade.
During week ended Oct. 26, corn inspections rose 82,225 MT, while soybean inspections fell 735,466 MT from the previous week.
Soybeans have firmed this morning, while corn and wheat adopted a weaker tone following two-sided trade overnight.
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Soybeans recouped most of their losses the two previous days during overnight trade, while corn also traded to the upside and wheat had a varied tone.
Corn, soybeans and wheat are expected to open mildly firmer this morning.
Weekly corn sales during week ended Oct. 19 totaled 1.351 MMT, which topped pre-report expectations, while soybean sales totaled 1.378 MMT.
Grain markets traded on both sides of unchanged overnight, with beans and wheat mildly favoring the upside this morning.
Soybean basis firmed over the past week and is now in line with the three-year average.