News
Federal Reserve Bank of Chicago notes strong farm incomes have translated into an 18% jump in farmland values.
White House to host BIF signing ceremony | Biden/Xi to hold virtual summit this evening
Recent price strength has also turn the short-term trend up for soybean meal and intermediate trend sideways.
The strength in soymeal failed to trigger overnight buying in soybean or corn futures.
Focus on CBO scoring and Sen. Manchin re: fate of Build Back Better package
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Grain futures seen slightly lower as dollar strengthens, export sales meet expectations, soybeans firmer.
La Niña strengthens, will persist longer than previously thought
Export sales for all three were within expectations, with corn sales of nearly 1.1 MMT and soybean sales of almost 1.3 MMT.
After the Bell | November 11, 2021 SRW wheat futures post nine-year high as global supplies tighten, soybeans firmer, corn mostly lower.
Two-sided price action was seen in corn and wheat futures overnight, while soybeans were firmer for much of the session, but all three are weaker this morning.