Agriculture News
Corn sales rose 63% from the previous week and 4% from the four-week average, while soybean sales were also notable at 2.3 MMT.
Soybeans and wheat are firmer this morning, while corn is trading near its overnight highs.
Soybean basis firmed but remained slighlty below average.
The jump in the Purdue University/CME Group Ag Economy Barometer was driven by the Future Expectations Index, which increased 37 points to 161, the highest reading since April 2021.
Corn, soybeans and wheat firmed amid corrective buying during the overnight session.
Corn inspections during the week ended Nov. 28 led the decline, though were within trade expectations, along with soybean and wheat inspections.
Grains open the week under pressure, while livestock markets are firmer.
Short-term trend turns bullish for live cattle futures.
Corn, soybeans and wheat mildly favored the downside during a relatively quiet overnight session to open the week.
No grain trade overnight. Grain and livestock futures resume trade at 8:30 a.m. CT for an abbreviated session.
Soybean basis dropped and remained weaker than average.
Corn, soybeans and wheat held in relatively tight trading ranges during a quite overnight session.
Corn, soybeans and wheat faced pressure earlier in the overnight session but have firmed and are trading near session highs.
Both the HRW and SRW crops posted notable improvements for the final crop condition report of the fall.
Weekly soybean inspections during the week ended Nov. 21 fell 164,413 MT from the previous week but were still notable at 2.1 MMT. Meanwhile, corn and wheat inspections each rose on the week.
Soybeans are higher with corn and wheat futures under pressure to start the week. Cattle futures are sharply higher and lean hog futures are mildly weaker...
Corn and wheat faced followthrough selling overnight, while the soybean market extended last Friday’s corrective gains.
All three categories came in on the negative side of the average pre-report estimates.