Agriculture News
The U.S. is escalating its conflict with Mexico over agricultural biotech measures, including the country’s stance on GMO corn...
Corn and soybean basis remains well above average.
Grain and soy futures are expected to face heavy pressure after active followthrough selling during overnight trade.
Corn, soybeans and wheat actively extended Tuesday’s losses during overnight trade.
The initial CCI ratings came one week earlier than last year.
Weekly corn inspections were down slightly from the previous week but were near the top-end pre-report estimate of 1.4 MMT. Corn in Wheat and soybean inspections were each near the respective low-end ranges.
Soybeans and wheat are expected to open sharply lower, with corn likely to trade lower on spillover pressure.
Beans and wheat faced heavy pressure coming out of the holiday weekend, while corn modestly favored the downside in mixed trade.
Access this week’s newsletter here.
Corn, soybeans and wheat are expected to open higher following solidly firmer trade overnight. Support will come from weather, greater risk appetite and outside markets.