Agriculture News
Soybeans posted double-digit losses overnight coming out of the extended weekend, while corn was slightly lower. Wheat futures posted corrective gains.
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.
Corn, soybeans and wheat held in relatively tight trading ranges in quiet overnight price action.
USDA’s January crop reports tend to swiftly move markets since there’s so much data.
Wheat futures are trading low range this morning, while corn and soybeans are near midrange.
Aside from wheat, chart trends for grain and soy complex futures remain bullish.
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Wheat futures extended their sharp price drop overnight, while corn and soybeans also declined.