Agriculture News
Corn, soybean and wheat futures saw a round of corrective buying overnight after Tuesday’s sharp losses.
U.S. will release 50 million barrels of oil in a coordinated effort along with releases from strategic reserves by China, India, South Korea, Japan and Great Britain.
The SRW CCI rating is now below the five-year average for the first time this fall.
Wheat inspections were below expectations, while corn and soybean figures fell within the range of pre-report estimates.
Below, you’ll find an update to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Winter wheat futures surged to new contract highs overnight, while spring wheat sharply rebounded from last week’s losses amid tight global supplies of high-quality wheat.
Market impact should be very limited and focus for cattle futures will remain on the cash market.
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Grain and soy complex futures traded both sides of unchanged overnight but have softened to a weaker tone and session lows this morning amid a rise in Covid concerns.
Monthly banker survey finds strong farmland values