Agriculture News
Corn and soybean futures saw active followthrough buying overnight after strong gains Thursday, while the wheat market was quiet in two-sided trade.
Soybeans rebounded some from Monday’s sharp losses, while corn and wheat traded lower overnight but held above yesterday’s lows.
Initial spring wheat CCI rating is a little below average.
Soybean inspections running stronger than normal during this time of year.
Soybean futures extended last Friday’s price pressure overnight, while corn and wheat favored the upside amid two-sided trade.
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As expected, USDA made just minor modifications to its forecasts this month.
Corn, soybean and winter wheat futures faced mild price pressure overnight as traders awaited USDA’s reports later this morning.
Cash corn prices nearing $8; cash soybean prices closing in on $18.
Cumulative old- and new-crop corn export sales totaled only 353,900 MT.