Agriculture News
Wheat futures were supported by increased geopolitical tensions between Russia and Ukraine, while soybeans and corn were pressured by South American weather.
Soybean futures built on Wednesday’s strong gains overnight, while the corn and winter wheat markets faced corrective selling.
Corn basis firms, soybean basis slips; both remain above futures.
Soybeans rebounded from Tuesday’s losses overnight, while wheat and corn extended yesterday’s gains.
Short-term trend turns down for oats, sideways for soymeal.
Soybeans posted double-digit losses overnight coming out of the extended weekend, while corn was slightly lower. Wheat futures posted corrective gains.
Access this week’s newsletter here.
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