Agriculture News
Wheat futures took back some of Thursday’s strong gains overnight. Soybeans and corn more than erased yesterday’s gains, with corn scoring new lows for the week.
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
Old-crop corn futures posted new contract highs overnight, while December corn came with 1/2 cent of its high. Wheat was also firmer, while soybean were mixed.
Choice boxed beef prices extended their recent price decline over the past week.