Agriculture News
USDA reported net soymeal sales of 272,500 MT for week ended July 13, which exceeded top-end pre-report estimates. Meanwhile, net wheat sales fell short of trade expectations.
USDA’s weekly export inspection data for week ended July 13 showed a mild increase in corn inspections from the previous week, while soybeans and wheat declined notably.
Grain and soy futures are being supported by concerns with U.S. weather and Black Sea grain supplies.
Grain and soy markets are expected to open higher on support from concerns with U.S. weather and Black Sea grain supplies.
Farmers National Company sites cooling in farmland market.
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Grain futures are expected to open firmer this morning as traders watch weather and uncertainty with the Black Sea grain deal.
Corn, soybean and wheat futures traded on both sides of unchanged during the overnight session but have firmed and are near their highs this morning.
The World Board cut the corn yield projection due to extreme dryness through June. The soybean yield was left unchanged.
Soy complex futures are expected to lead a corrective rebound.