Agriculture News
Corn and wheat futures halted their corrective pullbacks from the two previous days overnight, but soybeans extended Wednesday’s declines.
Soybean basis firmed despite the rollover to the January contract, which is around 13 cents above November.
Spring wheat futures led gains in the grain and soy complex overnight.
Decline in the HRW crop was led by Texas, though crops in Kansas, Colorado, Nebraska and Montana also dropped.
Chip Flory and Jim Wiesemeyer recap last week’s Day of Ethanol on AgriTalk and discuss where other fossil fuels may stand. Plus when will the latest Infrastructure bill(s) be voted on in the House?
Corn and soybean export inspections met expectations, with soybean shipments near the high end of pre-report estimates.
Wheat futures are sharply higher with corn higher on spillover support. Soybeans are working on a recovery from overnight pressure. Live cattle futures are firmer and lean hogs are slightly higher to start the week.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Spillover from surging wheat futures supported corn overnight, while soybeans faded.
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