Agriculture News
Corn and soybean futures pulled back overnight from strong gains earlier this week. Wheat also traded lower.
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.
Corn and wheat futures posted corrective gains overnight after sharp losses Wednesday, while soybeans built on yesterday’s gains.
Fed banks highlight economic conditions, including for the ag sector.
