Agriculture News
Weekly corn inspections rose a notable 563,792 MT during the week ended Jan. 9, topping pre-report expectations while soybean inspections rose modestly. Wheat inspections fell 123,000 MT on the week.
Corn and soybeans extended Thursday’s gains during the overnight session, while wheat futures posted modest corrective gains.
Soybeans and wheat faced followthrough selling overnight, while corn futures pivoted around unchanged in quiet trade.
Corn, soybean and wheat basis remains below average.
Dec. 1 grain stocks have a history of providing market-moving surprises, especially for corn.
Farm Credit Services of America releases January appraisal update
Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during a quiet overnight session.
Declines in attitudes toward current conditions outpaced thoughts about future expectations for agriculture.
Corn and soybeans faced price pressure throughout the overnight session, while wheat rebounded from earlier weakness to trade mostly firmer.
Farmers National updates state of regional farmland markets