Agriculture News
Corn and soybeans traded higher overnight, while the wheat market turned mixed this morning after corrective gains earlier in the session.
USDA made limited revisions to its balance sheets this month, as expected.
USDA’s March WASDE showed corn domestic and global ending stocks above pre-report estimates, while soybeans and wheat were each slightly lower than expectations.
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.