Agriculture News
Corn and soybeans traded higher overnight, while the wheat market turned mixed this morning after corrective gains earlier in the session.
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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Corn, soybean and wheat futures are expected to open with a firmer tone this morning as markets continue to recoup sharp losses from earlier this week.
Grain and soybean futures continued their attempt overnight to recoup some of the recent sharp price losses.
Soybean sales for the week were down 14% from the previous week and 25% below the four-week average. Corn sales for the week were down 48% from the four-week average, though wheat sales were up 39%.