Agriculture News
Corn and soybeans extended Thursday’s corrective gains during the overnight session, while wheat bounced from recent losses.
Sharp Drop Erases November’s Short Trip into Positive Ground
For the week ended Dec. 12, corn sales rose 24% to 1.17 MMT from a week ago, while wheat and soybean sales jumped 58% and 21%, respectively.
SRW wheat futures fell to contract lows overnight, while HRW and HRS contracts held above their recent lows. Corn followed wheat to the downside, while soybeans posted mild corrective gains.
Sharp weekly decline in the average cash soybean price.
Congress has not yet passed the stopgap funding measure and there appears to be opposition from Trump’s allies
Soybeans plunged to contract lows overnight amid heavy pressure from soyoil, while corn and wheat traded mildly higher.
Corn, soybeans and wheat didn’t stray far from unchanged in a lightly traded overnight session.
While soybean inspections faded during the week ended Dec. 12, they totaled 1.68 MMT.
Corn, soybeans and wheat futures are all off to a higher start to the week. Cattle and hog futures are higher as well...
Short-term trend turns bullish for corn, live cattle futures.
Corn, soybeans and wheat firmed overnight while holding in relatively tight trading ranges.
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Corn and wheat futures pivoted around changed in light overnight trade, while soybeans favored the downside.
CPC forecasts 59% odds of La Niña by January and more than 70% by February.
Corn, soybeans and wheat mildly favored the downside during quiet overnight trade.
Corn and soybean basis remains slightly below average.