Agriculture News
Wheat futures rebounded from Friday’s losses during the overnight session, while corn and soybeans pulled back from their gains at the end of last week.
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Soybeans and corn traded on either side of unchanged overnight, but are weaker early this morning, while wheat faced mild followthrough selling throughout the session.
Most of the Hogs & Pigs Report data was neutral, aside from hefty late-year market hog inventories.
Soybeans and wheat extended Wednesday’s gains during the overnight session, while corn struggled to find buyer interest.
Soybean basis drops on cash price improvement
Selling pressure built in the grain markets overnight, with soybeans leading losses early this morning.
Soybeans rebounded from earlier weakness to trade higher early this morning, while corn and wheat are choppy.
Both crops remain rated well above year-ago
Weekly corn inspections during the week ended Sept. 19 totaled 1.1 MMT, up 534,000 MT from the previous week while wheat inspections of 711,000 MT rose 122,000 MT.
Corn, soybeans and wheat are off to a solid start. Livestock futures are mostly higher as well…
Short-term trend turns bullish for cattle futures.
Corn, soybeans and wheat traded solidly higher overnight, led by double-digit gains in the soybean market.
All three categories were near the average pre-report estimates.
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Soybeans and wheat posted mild gains during the overnight session, while corn held near unchanged.
