Agriculture News
Wheat futures took back some of Thursday’s strong gains overnight. Soybeans and corn more than erased yesterday’s gains, with corn scoring new lows for the week.
Big year-over-year changes in U.S. meat exports through the first quarter driven by shifting Chinese demand.
Our updated monthly and quarterly price forecasts, including our first outlooks for the fourth quarter.
Rains over the past week failed to improve the overall drought situation for the U.S. winter wheat crop.
Corn export sales were as expected, while old-crop soybean export sales topped expectations.
Wheat futures led price gains overnight amid active followthrough buying to yesterday’s strong gains. Corn and soybeans followed wheat higher.
Corn and soybean basis strengthens, but cash prices fall.
Trade was relatively light in the grain and soy markets for much of the overnight session, but buyer interest has picked up early this morning.
Corn futures are firmer, soybeans are weaker and wheat is mixed this morning following two-sided trade overnight.
The SRW CCI rating inched up but is still below average.
Bears took firm control of price action in the grain and soy markets amid risk aversion overnight as traders returned from the weekend.
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Soybean futures gained more overnight than they lost on Thursday, making new highs for the week. Wheat and corn also firmed.
Corn, soybean and spring wheat drought areas decline
Beef and corn export sales drop
Old-crop corn futures posted new contract highs overnight, while December corn came with 1/2 cent of its high. Wheat was also firmer, while soybean were mixed.
Choice boxed beef prices extended their recent price decline over the past week.
Soybeans and soyoil extended gains overnight, while corn and wheat are trading lower this morning after two-sided overnight trade.