Agriculture News
Grain and soy futures traded solidly lower overnight, which is expected to spill into daytime trade.
Corn, soybeans and wheat are expected to open higher after strong gains overnight amid support from surging crude oil futures.
Short-term trends turn bullish for corn, soybeans, live cattle and feeder cattle
Corn, soybeans and wheat posted active followthrough buying overnight on help from surging crude oil futures.
Soybean planting intentions and March 1 stocks came in lower than expected.
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USDA’s Quarterly Stocks data showed figures lower than the average trade guess, sending the soybean market higher, while the news also led corn higher, though gains have been capped by higher-than-expected acres.
Quiet trade is expected ahead of USDA’s Prospective Plantings and Quarterly Grain Stocks Reports at 11 a.m. CT.
Price action was relatively quiet in the grain and soy markets overnight as traders await key USDA report data later this morning.
Data was mostly neutral and shouldn’t have a direct impact on trade Friday.
Grain and soy futures are expected to open with a firmer tone this morning on support from HRW crop concerns and bullish corn export demand news as there was another daily corn sale to China.