Agriculture News
Basis is better than average for SRW, but well below average for HRW.
Weather remains favorable, if not ideal, for crop development, while trade uncertainty also continues to hang over markets.
Corn and soybeans tried to work higher on corrective buying at points overnight but favorable weather and trade uncertainties kept buyer interest limited.
Grains are expected to continue the followthrough selling that pressured markets overnight.
Favorable weather, trade uncertainties continue to weigh on grains.
The corn crop is now rated 6.7 points above year-ago, while soybeans are still 1.7 points below last year at this time. Spring wheat is 31.9 points below last year.
Grain markets are under heavy pressure with livestock futures choppy to start the week...
Barring a change in weather pattern, grain markets will need another source of support for an extended price recovery.
Favorable weather, trade uncertainty and weakening cash livestock fundamentals will weigh on futures to open the week.
Favorable weather triggered an active round of selling in grains to kick off trade after the holiday weekend.