Agriculture News
Corn, soybean and winter wheat futures faced mild price pressure overnight as traders awaited USDA’s reports later this morning.
The wheat market gave back a small portion of Monday’s strong gains overnight, while corn and soybeans traded mixed.
USDA’s corn ratings are 75% or higher “good” to “excellent” in four of the top five producing states.
Soybean inspections fell shy of expectations
Grain and soy futures rallied sharply overnight amid renewed global supply concerns, led by the wheat market.
Corn-based ethanol mandate was unchanged for 2020, slightly increased for 2021 and unchanged for 2022 versus the proposed levels.
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Strong week for cotton export sales and shipments.
Two-sided trade was seen in grain and soy futures overnight, but markets are softening this morning, led lower by soybeans and soyoil.
