Agriculture News
Soy complex futures strengthened overnight after initially trading lower, which supported corn. Wheat futures tried to rebound from Wednesday’s sharp losses, but buyer interest proved limited.
Corn and soybean basis dropped over the past week but remains above futures.
U.S. central bank ditches its “transitory” mantra for a hawkish tone.
Selling in the wheat market overnight pulled corn lower, while soybeans were supported by strength in soymeal.
Annual ISU survey finds an average acre of Iowa farmland rocketed 29% in 2021.
Corn, soybean and wheat futures are mildly weaker this morning as a quietly traded overnight session winds down.
Soybean export inspections were lower than expected and down sharply from both week- and year-ago.
Corn, soybean and wheat futures are trading near session lows this morning, led lower by spring wheat contracts.
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Wheat futures faced followthrough selling at points overnight but are firmer and trading near session highs in a modest corrective rebound this morning. Corn mildly eased, while soybeans held in their choppy range.
Sixteen auctions in a month saw new records posted in price per productivity index point.
Drought-affected areas expanded and intensified on the Drought Monitor map in areas of the South including Louisiana, Arkansas and Texas as well as in the Southern Plains.
We expected a yawner from USDA this month and that’s exactly what it delivered, aside from wheat – and even that wasn’t a surprise.
Big jumps in weekly cash prices for corn and soybeans.
All three were within the range of pre-report expectations but up sharply from the previous week.
Two-sided trade was seen in the grain and soy markets overnight, but futures are weaker and near session lows this morning.
Basis for corn and soybeans slipped over the past week but remains positive to futures.
Soybean and soyoil futures faced active followthrough selling overnight, which pulled the rest of the grain and soy markets lower.