Agriculture News
Wheat futures extended last week’s gains overnight amid crop concerns, while the corn and soybean markets were pressured by improved weather.
Trade was relatively light in the grain and soy markets for much of the overnight session, but buyer interest has picked up early this morning.
Corn futures are firmer, soybeans are weaker and wheat is mixed this morning following two-sided trade overnight.
The SRW CCI rating inched up but is still below average.
Bears took firm control of price action in the grain and soy markets amid risk aversion overnight as traders returned from the weekend.
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Soybean futures gained more overnight than they lost on Thursday, making new highs for the week. Wheat and corn also firmed.
Corn, soybean and spring wheat drought areas decline
Beef and corn export sales drop