Agriculture News
Corn and soybeans posted mild corrective gains overnight, while wheat traded on both sides of unchanged.
Short-term trends turn sideways for corn, soybeans and soymeal.
Wheat futures posted mild corrective overnight, while soybeans traded mixed and corn faced followthrough selling.
At least two vessels carrying a combined 79,150 MT of Brazilian soybeans are heading to the U.S. soon, according to shipping data.
The report data is mildly negative compared with pre-report expectations, especially placements. But the report is not bearish.
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Corn and soybeans will face followthrough selling, while wheat will attempt to maintain modest corrective gains posted overnight.
Corn and soybean futures extended this week’s losses during overnight trade, while wheat traded mostly firmer on mild corrective buying.
It’s not just cash steer/heifer prices that are surging, boner/breaker prices are also rising.
Monthly banker survey finds slight uptick in attitudes.
The southern U.S. is expected to see above-normal temps through July, though the southeastern quadrant of the country will also experience above-normal precip.