Agriculture News
Grain and soybean futures are expected to open with a mostly weaker tone this morning, though supportive export demand data could trigger buyer interest.
Corn and winter wheat futures extended losses from the two previous days overnight, while soybeans turned mixed this morning after facing pressure earlier in the session.
After the Bell | January 19, 2023 Forecasts of improving weather in Argentina over the next two weeks weighed on the grain and soy complex.
The National Weather Service (NWS) 90-day forecast continues to call for increased chances of below-normal precip across most of the Central and Southern during the February through April period.
RMI shows some optimism for rural economy,
Average farm diesel price falls below $4 for the first time since late February 2022.
The drought footprint continued to gradually recede but remained wide.
Corn, soybean and wheat futures are expected to face followthrough selling after a lower close on Wednesday and weakness overnight.
Corn, soybean and wheat futures showed mild followthrough selling during most of the overnight session, but price action has turned narrowly mixed early this morning.
Corn and soybean basis declines amid big jump in cash prices.