Agriculture News
Corn, soybeans and wheat traded both side of unchanged in light price action to kick off the last trading day of the year.
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Kansas, Oklahoma and Texas drought conditions worsen
Wheat, soybean, soymeal and soyoil export sales were all below market expectations.
Soybeans and corn are trading lower and near session lows this morning, while wheat futures are mostly weaker.
Corn, soybean and wheat futures are trading near session lows this morning as markets extend Tuesday’s weaker (and low-range) closes.
A slow weakening of the La Nina weather pattern is expected in January, but its influence on South American weather will likely continue without much change into at least mid-January.
Soybean basis slipped again, but remains well above the three-year average.
March soybean futures reached the highest level overnight since mid-July, as the strong rally was extended.