Agriculture News
Corn and soybean sales during the week ended Oct. 3 totaled 1.222 MMT and 1.264 MMT, respectively.
Winter wheat markets traded moderately higher overnight, while corn and spring wheat posted mild gains. Soybeans pivoted around unchanged overnight.
Corn and soybean basis declined as harvest remained rapid.
Wheat futures extended Tuesday’s gains overnight, while the corn and soybean markets rebounded from their losses.
Soybeans faced heavy followthrough selling overnight, while corn and wheat pulled back from Monday’s gains.
CCI ratings are still 29.7 points (8.8%) above year-ago for corn and 26.1 points (7.8%) above for soybeans.
During the week ended Oct. 3, soybean inspections totaled a notable 1.431 MMT, jumping nearly 750,000 MT from the previous week and exceeding pre-report expectations.
Soybeans are lower with corn chopping around unchanged and wheat futures mildly higher. Cattle futures are higher with lean hog futures favoring the downside…
Corn, soybeans and wheat faced followthorugh selling during the overnight session.
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Beans are expected to open mildly firmer, while corn and wheat will face price pressure.
Soybeans recouped some of Thursday’s losses during the overnight session, while corn and wheat faced followthrough selling.
Grain futures are expected to open lower, led by soybeans.
Corn sales during the week ended Sept. 26 exceeded pre-report estimates by nearly 700,000 MT, while wheat sales were also stronger than expected. Soybean sales were also solid at 1.44 MMT.
Corn, soybeans and the winter wheat markets favored the downside during overnight trade.
Soybean basis firmed despite an increase in cash price.
Corn and wheat are expected to open higher, soybeans lower.