Agriculture News
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.
Access this week’s newsletter here.