Agriculture News
For week ended Sept. 7, USDA reported weekly soybean sales of 703,900 MT, 34.2% behind a year ago at this time. Weekly meal and oil sales notched net reductions during the week of 201,600 MT and 3,900 MT, respectively.
Corn, soybeans and the winter wheat markets have turned weaker this morning after two-sided trade earlier in the overnight session.
Both crops continue to be rated under year-ago.
Weekly new-crop corn inspections have kicked the marketing year off ahead of last year at this time by over 4%, while soybean inspections lagged by over 21% in week ended Sept. 7.
Corn and soybean futures mildly favored the upside in light trade overnight, while wheat posted modest losses.
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Corn, soybean and wheat futures held in tight trading ranges during a quiet overnight session.
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Corn, soybeans and wheat held in tight trading ranges during a quiet, two-sided overnight session.
Corn and soybean basis drops sharply as harvest gets an early start in some areas.