Agriculture News
Winter wheat futures found strong followthrough buying in leading overnight gains in the grain and soy complex. December corn futures pushed to a contract high for a third straight session.
Grain and soy complex futures held in narrow ranges in light trade overnight as traders await USDA’s April Supply & Demand Report later this morning.
Kansas has a one-point decline in dry/drought area
Winter wheat and corn futures are under light pressure this morning, while soybeans are modestly higher.
Corn and wheat basis firmed even as cash prices rose.
February beef exports were the second most ever for the month. Pork exports plunged amid sharply reduced shipments to China.
CRP enrollment acres down a net 1.4 million acres
Winter wheat futures led strong followthrough buying in the grain and soy markets overnight amid lower-than-expected U.S. crop ratings and global supply concerns.