Agriculture News
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.
The Seasonal Drought Outlook calls for broad continuation or expansion of drought for most winter wheat areas.
Soybean sales notably topped pre-report expectations for the week ended Sept. 12, while wheat sales were short of analysts’ pre-report range.
Corn, soybeans and wheat briefly traded higher early in the overnight session but have weakened and are near their lows early this morning.