Agriculture News
Dec. 1 grain stocks have a history of providing market-moving surprises, especially for corn.
Farm Credit Services of America releases January appraisal update
Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during a quiet overnight session.
Declines in attitudes toward current conditions outpaced thoughts about future expectations for agriculture.
Corn and soybeans faced price pressure throughout the overnight session, while wheat rebounded from earlier weakness to trade mostly firmer.
Farmers National updates state of regional farmland markets
Wheat inspections rose 73,241 MT from the previous week to 412,342 MT for the week ended Jan. 2. Corn and soybean inspections each declined on the week.
Corn, soybeans and wheat are higher to open the week. Cattle futures are higher with lean hogs under pressure...
Corn, soybeans and wheat recouped a portion of last Friday’s sharp losses during the overnight session, led by double-digit gains in the soybean market.
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For the week ended Dec. 26, net corn sales were down 55% from the previous week, while soybean and wheat sales fell 51% and 77% from the previous week, each carving a new marketing-year low.
Corn and soybeans pulled back overnight from recent gains, while wheat mildly extended yesterday’s losses.
There was no overnight grain trade. Grain and livestock markets will resume trading at 8:30 a.m. CT.
Corn basis firmed along with rising cash prices.
Traders covered more short positions in the soybean and wheat markets overnight, while corn rebounded from Monday’s losses.
Corn inspections during the week ended Dec. 26 led the decline, falling 268,000 MT from the previous week, while soybean and wheat inspections dropped 204,469 MT and 68,238 MT, respectively. However, net inspections were within pre-report estimates.
Corn, soybeans and wheat futures are all off to a higher start alongside livestock futures, which are mostly higher, as well...
Corn, soybeans and wheat firmed during the overnight session, with March corn reaching the highest level since June 26.