Agriculture News
Corn and wheat futures posted solid corrective gains overnight, while soybeans built on Thursday’s modest gains.
The CCI rating has dropped for eight straight weeks for corn; five consecutive weekly declines for soybeans.
Sep. 1 marks the calendar for a new marketing year. Corn and soybean inspections make a notable start; ahead of last year.
Short-term trend turns from bullish to sideways for soybeans.
Corn, soybean and wheat futures are trading near session lows this morning amid a varied price tone coming out of the extended holiday weekend.
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Corn, soybeans and wheat bounced back from recent losses in a round of corrective buying overnight that was triggered by outside markets.
Cash hog prices start their seasonal decline with sharp losses.
Spotty, heavy rain fell across the Midwest this week, leading to a mix of drought improvement and deterioration.
Corn and soybeans faced followthrough selling overnight while wheat retreated from Wednesday’s gains amid pressure from outside markets and building global recessionary concerns.
