Agriculture News
Corn, soybeans and wheat traded in narrow ranges during the overnight session.
Basis firmed for soybeans and is now positive.
Corn, soybean and wheat futures traded narrowly on either side of unchanged during quiet overnight price action.
Soybeans erased Monday’s gains during overnight trade, while corn and the winter wheat markets faced mild followthrough selling.
Wheat inspections were near the middle of the expected range.
Short-term trend turns bearish for U.S. dollar index.
Corn modestly favored the downside overnight, while soybeans and wheat failed to sustain early price strength and have weakened this morning.
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The Biden administration will use the GREET model for determining SAF credits, but will update the methodology by March 1.
Corn, soybeans and wheat traded on both sides of unchanged in a quiet overnight session.
Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China’s purchases totaled 1.12 MMT during the week.
Corn and wheat futures posted mild corrective gains throughout the overnight, while soybeans traded on both sides of unchanged.
New economic projections show a notable shift in tone and outlook to dovish.
Corn, soybeans and wheat all traded solidly to the downside during overnight trade.
Annual Iowa State University survey finds farmland values rose in first half 2023, plateaued by end of year.
Corn and wheat are expected to open higher amid corrective buying, with soybeans likely to face light profit-taking.
Soybean futures built on Monday’s gains during the overnight session, while corn and wheat firmed amid corrective buying.