Agriculture News
Soybean futures erased Monday’s strong gains during the overnight session, while corn mildly followed to the downside and wheat was choppy.
The increases halted a five-week slide for corn and a four-week decline for soybeans.
Corn, soybean wheat inspections each faded from the previous week, but were within the range of analysts’ pre-report expectations.
Soybeans are sharply higher with buyer interest limited in corn and wheat. Cattle futures are higher and lean hogs are choppy to lower…
Our short-term, intermediate- and long-term trends for commodity and key outside markets.
Soybeans posted corrective gains during overnight trade, while corn and wheat mildly favored the downside.
New crop corn sales exceeded pre-report expectations by more than 400,000 MT during the week ended Aug. 29, while soybean sales were also notable at 1.66 MMT.
Corn, soybeans and wheat are mildly weaker this morning after two-sided trade earlier in the overnight session.
Corn, soybeans and wheat pulled back from recent corrective gains during the overnight session.
Corn and soybean basis drops as cash prices strengthen.
Wheat futures firmed amid followthrough buying overnight, while soybeans pulled back and corn was caught in the middle.
Both crops remain rated well above year-ago and average for the beginning of September.
Weekly soybean inspections rose 77,000 MT from the previous week, just shy of topping the upper-end of analysts’ pre-report expectations.
Corn and soybeans open the week amid mild price strength as wheat futures soften mildly. Cattle futures are choppy with feeders and lean hogs mostly lower…
The sentiment index fell 11.5% from July and 13% from year-ago.
Short-term trend improves for corn, soybeans, soymeal and soyoil.
Soybeans are mildly firmer this morning after light, two-sided trade overnight, while corn and wheat are weaker.
Access this week’s newsletter here.