Agriculture News
Corn and soybeans pulled back from strong gains the two previous days during overnight trade, while wheat pivoted around unchanged in choppy trade.
Drought removal or no drought is expected over SRW wheat areas and the PNW.
Corn sales during the week ended Jan. 9 totaled 1.02 MMT, while exports notched a marketing-year high. Wheat sales topped expectations by more than 100,000 MT.
Grain markets traded lower overnight, led by double-digit losses in soybeans.
Cash corn and soybean prices rose sharply over the past week.
Corn and soybeans rebounded from Tuesday’s losses overnight, while wheat faced light selling pressure.
Corn, soybeans and wheat mildly pulled back from recent strong gains during the overnight session.
Weekly corn inspections rose a notable 563,792 MT during the week ended Jan. 9, topping pre-report expectations while soybean inspections rose modestly. Wheat inspections fell 123,000 MT on the week.
Corn, soybeans and wheat futures are off to a higher start to the week. Cattle futures are mostly lower as lean hog futures firm...
Short-term trend turns bullish for soybeans, soyoil.