Agriculture News
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.
Grains traded on both sides of unchanged overnight, though a modestly firmer tone has developed in the corn and wheat markets while soybeans have weakened.
Other changes were relatively minor.
Corn, soybeans and wheat held in tight trading ranges during the overnight session as traders await USDA’s December crop reports later this morning.
Corn, soybean and wheat futures open the week working higher. Cattle futures are higher with lean hogs choppy to start the week...
Corn, soybeans and wheat favored the upside while holding within relatively tight trading ranges overnight.
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Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
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.