Agriculture News
Soybeans built on Tuesday’s gains overnight but failed to get near yesterday’s highs. Corn and wheat futures held in tight trading ranges in thin trade.
Export sales data for week ended Dec. 15 showed soybeans falling short of expectations by 64,000 MT, with corn and wheat both low range. Cotton export sales reflected a nearly 90,000 RB net reduction for the week.
Corn, soybean and wheat futures held in tight ranges in a lightly traded overnight session.
Boxed beef prices surged over the past week.
Corn, soybeans and wheat opened lower overnight but firmed through the session and are higher this morning.
Corn and soybeans firmed amid mild corrective buying during a lightly traded overnight session. Wheat traded mostly firmer.
Export inspections for week ended Dec. 15 proved mid-range for corn, while soybeans and wheat landed towards the lower end of pre-report expectations.
Short-term trend turns bearish for lean hog futures.
Corn and soybean futures faced pressure overnight after weekend rains fell on some dry areas of South America, while wheat showed a mixed tone.
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Corn and soybeans are weaker this morning after two-sided price action overnight, while wheat futures are mostly firmer.