Agriculture News
Corn mildly favored to the downside, while soybeans and wheat were mostly firmer during a lightly traded overnight session.
Corn and soybean futures favored the upside in overnight trade while wheat futures traded mostly lower.
The HRW CCI rating remains far below average. SRW rating is slightly below average.
Corn, soybean and wheat futures held in tight trading ranges while swinging to both side of unchanged during the overnight session.
Export inspections for week ended Nov. 17 revealed soybeans and wheat near top-end expectations, while corn landed mid-range.
Short-term trend turns bullish for live cattle and lean hog futures.
Corn, soybean and wheat futures faced pressure overnight from Chinese Covid concerns and outside markets.
Nov. 1 feedlot inventories down 2.0%, signaling tight beef supplies.
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Monthly Rural Mainstreet Index negative for sixth consecutive month.
Corn futures built on Thursday’s late corrective rebound during overnight trade, while soybean and wheat also firmed on short-covering.