Agriculture News
Corn, soybean and wheat futures are mildly firmer and near their overnight highs this morning as tensions in the Middle East intensify.
Corn and soybeans extended Monday’s losses during overnight trade, while wheat more than wiped out yesterday’s gains.
Corn, soybeans and wheat firmed overnight on support from crude oil as it responded to a major geopolitical shock over the weekend when Hamas raided Israel.
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Corn, soybeans and wheat spent time on both sides of unchanged while holding in tight trading ranges overnight.
USDA reported weekly corn sales of 1.8 MMT during week ended Sept. 28, increasing export commitments to nearly 9% ahead of last year.
Corn and soybeans faced fresh selling pressure during overnight trade, while wheat firmed amid light corrective buying.
Semi-annual survey of land professionals finds flattening in Iowa land values.
Basis remains much weaker than normal for corn, soybeans and wheat amid weak demand and transportation woes.