Agriculture News
Wheat futures are expected to lead gains in the grain markets, though outside markets could restrict buyer interest.
Wheat futures posted strong gains overnight after a major dam in Ukraine was destroyed. Corn and soybeans traded solidly higher on lower-than-expected crop condition ratings.
CCI ratings for corn and beans below year-ago, spring wheat rated better than last year.
USDA’s weekly export inspection data showed a week-over-week decline in export inspections for corn, soybeans and wheat. June 1 marked the beginning of the 2023-24 wheat marketing-year,
Corn, soybeans and wheat are expected to open firmer after favoring the upside overnight.
No changes in the short-term, intermediate or long-term trends this week.
Relatively quiet two-sided price action was seen in the grain and soy markets during overnight trade.
The U.S. is escalating its conflict with Mexico over agricultural biotech measures, including the country’s stance on GMO corn...
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Corn is expected to open lower, with soybeans likely to trade mildly firmer and wheat mixed.