Agriculture News
The report data is mildly negative compared with pre-report expectations, especially placements. But the report is not bearish.
Corn, soybean and wheat futures extended recent losses overnight amid a lack of supportive news and elevated risk aversion.
Highlights of agricultural conditions across the 12 Fed districts.
Grain and soy futures will face pressure from corrective selling and negative outside markets.
Corn, soybean and wheat futures pulled back from gains earlier this week amid corrective selling overnight and negative outside markets.
Inspections of vessels waiting to exit or enter the Ukrainian Black Sea were suspended for a second day in a row. . .
Soybeans are expected to open higher on followthrough buying. Mixed trade is likely in corn and wheat.
Soybean futures led a round of followthrough buying during overnight trade.
Condition ratings continue to show two starkly different U.S. winter wheat crops.
USDA reported corn inspections of 1.215 MMT in week ended April 13, topping the pre-report range of 700,000 MT to 1.05 MMT