Agriculture News
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Soybeans and wheat extended Thursday’s losses overnight, while corn mildly bounced after holding support at yesterday’s lows.
Dry conditions worsen in HRW, improve in SRW
Soybeans, wheat and soymeal within expectations
Soybean futures pulled back from Wednesday’s gains overnight, while corn and wheat faced followthrough selling.
Boxed beef prices strengthened over the past week, while the cash cattle price weakened.
The wheat market had the biggest reaction to the data as winter wheat seedings topped expectations, while U.S. and global wheat ending stocks increased from last month.
Increases U.S. corn, soybean and wheat carryout
Corn, soybeans and wheat held in tight trading ranges overnight as traders await USDA’s January crop reports later this morning.