The soybean CCI rating dropped below the five-year average for the first time this growing season.
Strong week for cotton export sales and shipments.
Two-sided trade was seen in grain and soy futures overnight, but markets are softening this morning, led lower by soybeans and soyoil.
Our updated monthly and quarterly price forecasts.
Corn and wheat futures posted corrective gains overnight after sharp losses Wednesday, while soybeans built on yesterday’s gains.
Fed banks highlight economic conditions, including for the ag sector.
Soybean basis remains well above average.
Two-sided trade was seen overnight, with wheat and soybeans firmer amid corrective buying this morning, while corn is trading just below unchanged.
HRW crop is still rated well below its five-year average, while the SRW crop is slightly above normal.