Agriculture News
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.
Cash soybean prices rise as seasonal export demand builds.
Weekly soybean export sales for week ended Nov. 10 almost double top-end expectations of 1.7 MMT, while corn sales of nearly 1.2 MMT proved shy of top-end estimates by 230 MT.