Agriculture News
USDA reported old-crop soybean sales of 207,200 MT for week ended June 1, a 68% increase from the previous week. New-crop sales of 264,600 MT were also reported.
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.
Net sales reductions of 210,500 MT of wheat were reported in week ended May 25, missing the expected range by over 100,000 MT. Weekly corn and soybean sales were near the low-end of their respective pre-report estimate.
Corn futures are extending losses early this morning, while beans and wheat are mixed.
