Agriculture News
Corn inspections during the week ended Dec. 26 led the decline, falling 268,000 MT from the previous week, while soybean and wheat inspections dropped 204,469 MT and 68,238 MT, respectively. However, net inspections were within pre-report estimates.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
U.S. hog herd expanded 384,000 head (0.1%) from year-ago as of Dec. 1.
Corn and wheat futures are higher with soybeans choppy. Livestock futures are also choppy to lower to start the week...
Wheat futures led gains in the grain markets during the overnight session.
All of the categories were close to the average pre-report estimates.
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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.