News
Corn, soybeans and wheat each rebounded from Wednesday’s losses overnight.
Wheat and soybean sales during the week ended March 6 were each above analysts pre-report range. Corn sales rose on the week, while exports reached a marketing-year high.
Trade worries continue to limit buyer interest.
Basis for both markets remains below average.
Corn, soybeans and wheat each favored the downside in the overnight session, though buying interest in wheat picked up into the break.
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Corn, soybeans and wheat declined overnight amid risk aversion.
USDA didn’t change corn, soybean or cotton ending stocks. Projected wheat carryover was increased.
Corn and soybean ending stocks were unchanged from February, while wheat ending stocks increased more than expected.
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Soybeans reversed from selling pressure on Monday and posted corrective gains overnight.
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Corn and soybeans favored the upside overnight, while wheat was mildly weaker.
Updates to the 2024-25 balance sheets will consider trade policies currently in place at the time of publication.
The initial broadcast of our weekly podcast looking at the week ahead and key factors impacting ag markets.
Weekly corn inspection for the week ended March 6 rose 467,000 MT from the previous week, exceeding analysts’ pre-report range.
Wheat futures are sharply higher with corn following to the upside and beans under light pressure. Cattle futures are mixed with lean hogs working higher to start the week...