Agriculture News
Corn, soybeans and wheat faced followthrough selling overnight in reaction to the start of a tariffs war with major trading partners.
Grains are expected to open with a modestly firmer tone this morning, though fund selling remains a risk to prices.
Corn, soybean and wheat futures modestly bounced from Thursday’s losses during the overnight session.
Market Watch table for Feb. 27, 2025
Use the link below or the QR code to access our acreage survey.
Corn sales during the week ended Feb. 20 totaled 794,700 MT, down 45% from the previous week, while wheat sales were down 50% at 269,900 MT.
Soybeans reacted positively after USDA released initial projections for 2025-26
Soybean futures have firmed and are trading near session highs this morning, while wheat is lower and corn is pivoting around unchanged.
These initial projections released as part of the Ag Outlook Forum are based on the February WASDE Report.
Beef and pork inventories remain below year-ago and the five-year averages.
USDA has a five-point plan to address the situation.