Agriculture News
Corn, soybeans and wheat traded higher overnight coming out of the extended holiday weekend.
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Corn and soybeans posted mild gains overnight, while wheat had a varied tone.
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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.
Corn and soybean futures extended Friday’s strong gains during the overnight session, while wheat also traded higher.
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Corn, beans post bullish reaction to USDA’s data.
USDA pegged the final corn yield at 179.3 bu. per acre, down 3.8 bu. from Nov, while the soybean yield was trimmed by 1 bu. per acre to 50.7 bpa. Quarterly corn, soybean stocks were also below expectations, while wheat seedings landed well above.