Agriculture News
Soybeans, wheat and soymeal within expectations
Soybean futures pulled back from Wednesday’s gains overnight, while corn and wheat faced followthrough selling.
Boxed beef prices strengthened over the past week, while the cash cattle price weakened.
The wheat market had the biggest reaction to the data as winter wheat seedings topped expectations, while U.S. and global wheat ending stocks increased from last month.
Increases U.S. corn, soybean and wheat carryout
Corn, soybeans and wheat held in tight trading ranges overnight as traders await USDA’s January crop reports later this morning.
Corn, soybeans and wheat held in relatively tight trading ranges in quiet overnight price action.
USDA’s January crop reports tend to swiftly move markets since there’s so much data.
Wheat futures are trading low range this morning, while corn and soybeans are near midrange.
Aside from wheat, chart trends for grain and soy complex futures remain bullish.
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Wheat futures extended their sharp price drop overnight, while corn and soybeans also declined.
Slight deterioration in HRW, improvement in SRW
Corn, wheat and soybean export sales below expectations
Soybean futures are posting double-digit losses this morning but are off their overnight lows.
Cash livestock/meat prices start 2022 well above year-ago.
Farmers National Company reports farmland values surged in the last half of 2020.
Wheat futures erased most or all of Tuesday’s gains overnight, while corn and soybeans mildly favored the downside.