Agriculture News
The Purdue University/CME Group Ag Economy Barometer index climbed to a reading of 115 in October, up 27 points (19.3%) from September and five points (4.5%) above year-ago.
Corn, soybeans and wheat pivoted around unchanged while holding in tight trading ranges overnight but have adopted mildly firmer tones this morning.
SRW improvement was led by top producer Illinois.
Soybean inspections during the week ended Oct. 31, led the decline, falling 469,793 MT, while wheat inspections fell 101,134 MT and missed pre-report expectations.
Corn and soybeans are moderately higher with wheat futures working to follow higher. Cattle and hog futures are lower to start the week…
Short-term trend turns bullish for oats and soyoil.
Soybeans posted double-digit gains overnight while corn followed to the upside. Wheat is narrowly mixed this morning after gains earlier during overnight trade.
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Soybeans extended corrective gains from the two previous days during overnight trade while corn and wheat also firmed.
