Agriculture News
Soybean futures are higher with corn and wheat futures under light pressure. Livestock futures are higher to start the week...
Weekly soybean and wheat sales during the week ended June 5 each fell short of pre-report expectations, while corn declined 16% from the previous week.
USDA’s June Crop Production and WASDE Reports are expected to show just modest changes from last month.
Improved wheat demand along with a slow start to harvest supports basis.
While this deal was completed, challenges remain with China.
The more likely market-moving reports for June come at the end of the month.
U.S., China reach deal to ease export curbs, keep tariff truce intact.
Soybeans tried to work higher amid corrective trade but buyer interest was limited.
Ratings for all three crops remain below year-ago.
Weekly corn and soybean inspections surpassed pre-report expectations for the week ended June 5.
Also a look at seasonal tendencies for corn, soybeans and wheat in June.