Agriculture News
Corn futures built on Wednesday’s corrective gains overnight, while soybeans and wheat bounced after recent losses.
Unease with the global economy tied to the banking sector will weigh on grain and soy futures.
Short-term trends turn bearish for soybeans and lean hog futures.
Bears controlled price action in the grain and soy markets overnight amid ongoing macroeconomic unease.
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Grain and soy futures are expected to open higher. There was another daily corn sale to China.
Corn, soybeans and wheat were supported by corrective buying and outside markets overnight.
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U.S. government forecasters signal La Niña has ended, but the extended weather forecast from the National Weather Service continues to indicate La Niña-like weather will persist through June.
Corn should be supported by strong weekly export sales and another daily sale to China.