Agriculture News
Corn, soybeans and wheat traded on both sides of unchanged during the overnight session but are mildly weaker early this morning.
Grains are expected to continue the followthrough selling that pressured markets overnight.
Favorable weather, trade uncertainties continue to weigh on grains.
The corn crop is now rated 6.7 points above year-ago, while soybeans are still 1.7 points below last year at this time. Spring wheat is 31.9 points below last year.
Grain markets are under heavy pressure with livestock futures choppy to start the week...
Barring a change in weather pattern, grain markets will need another source of support for an extended price recovery.
Favorable weather, trade uncertainty and weakening cash livestock fundamentals will weigh on futures to open the week.
Favorable weather triggered an active round of selling in grains to kick off trade after the holiday weekend.
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Corn, soybeans and the winter wheat markets extended Wednesday’s strong gains during overnight trade.
Corn and bean basis remains much weaker than average.