Agriculture News
Corn and spring wheat futures extended Monday’s gains overnight amid planting delays concerns. Soybeans and winter wheat rebounded from Monday’s losses.
Spring wheat, cotton, corn and soybean drought areas decline
Above-normal temps and below-normal precip are expected over much of the Plains and western Corn Belt through July. The eastern Corn Belt has elevated chances of above-normal precip.
Wheat, cotton and pork export sales hit marketing-year lows
Wheat futures extended Wednesday’s losses overnight. Corn and soybeans posted two-sided trade, with corn weaker and soybeans firmer early this morning.
Corn and soybean basis each dropped over the past week, but the respective cash prices surged.
Corn futures faced light followthrough selling in overnight trade, while soybeans firmed. Wheat futures are mixed to mostly firmer this morning.
Overnight price action in the grain and soy markets was quiet and choppy.
The winter wheat CCI ratings are below the five-year averages, especially the HRW crop.
Short-term trend turns bullish for SRW wheat, soyoil.