Agriculture News
Wheat futures firmed, soybeans weakened and corn chopped around unchanged during the overnight session.
Wheat futures faced followthrough selling during the overnight session, while corn and soybeans pivoted around unchanged in light, two-sided trade.
HRW crop is now rated above year-ago, while SRW is still below last year at this time.
Weekly corn, soybean and wheat inspections continue to outpace year-ago.
Corn posted mild gains overnight, soybeans faced price pressure for most of the session and wheat pivoted around unchanged.
Wheat futures are pulling corn lower as soybeans firm. Cattle futures are choppy as hog futures firm...
Soybean futures built on last week’s gains during overnight trade while wheat weakened and corn mildly favored the downside.
Access this week’s newsletter here.
USDA cut the soybean crop estimate and ending stocks more than expected.
USDA cut the soybean yield by 1.4 bu. per acre to 51.7 bu. per acre, while ending stocks were pegged at 470 million bu. Both were well below average pre-report estimates. Meanwhile, both corn yield and ending stocks were below average estimates.