Agriculture News
Soybeans traded higher on corrective buying early in the overnight session but are weaker this morning, while corn and wheat pivoted around unchanged.
Light price action is likely this morning as traders await USDA’s Supply & Demand Report.
Corn, soybeans and wheat faced light selling pressure during a relatively quiet overnight session.
Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened slightly.
Corn and soybeans are expected to open under light pressure, while wheat is anticipated to be mixed.
Corn, soybean and wheat futures traded narrowly on both sides of unchanged in a lightly traded overnight session.
USDA reported weekly export inspections for week ended March 2, which showed corn inspections notably above pre-report expectations, while wheat and soybean inspections each missed the low-end pre-report range.
Grain and soybean futures are expected to open under pressure, with wheat the downside price leader.
Short-term trend turns bearish for lean hog futures despite seasonally firming cash prices.
Grain and soy futures faced pressure overnight amid a lack of bullish news and negative outside markets.
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