Agriculture News
Corn and wheat futures mildly favored the upside overnight and are trading near session highs early this morning while soybeans have slipped a little.
The Jan. 1 U.S. cattle inventory was the smallest since 1951.
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Corn and soybeans extended Thursday’s corrective declines overnight, while wheat pulled back from gains earlier in the week.
Cash cattle prices jump to an all-time high for a fourth straight week.
The contracts are slated to start Feb. 24, pending regulatory approval
Soybean sales during the week ended Jan. 23 were down 71% from the previous week, missing analysts’ pre-report range. Corn and wheat sales were as expected
Corn and soybean futures pulled back from Wednesday’s strong gains overnight, while wheat pivoted around unchanged.
Corn basis firmed despite a strong rise in the average cash price.
Corn, soybeans and wheat built on Tuesday’s price gains during the overnight session.
After facing followthrough selling earlier in the overnight session, corn, soybeans and wheat are modestly firmer and trading near session highs this morning.