News
Wheat inspections rose 73,241 MT from the previous week to 412,342 MT for the week ended Jan. 2. Corn and soybean inspections each declined on the week.
For the week ended Dec. 26, net corn sales were down 55% from the previous week, while soybean and wheat sales fell 51% and 77% from the previous week, each carving a new marketing-year low.
China loosens yuan defense | Euro has fallen 1.3% this week | Indonesia to implement B40 biodiesel by Feb. 28 | Egg prices surge
Corn, soybeans and wheat each favored the downside in overnight trade, though buying interest perked up into the break.
Corn and soybeans pulled back overnight from recent gains, while wheat mildly extended yesterday’s losses.
The grain and soy markets remained closed for New Year’s Day overnight and will resume trading at 8:30 a.m. CT.
Ag market relief payments | EV batteries | Stabenow comments | Weight-reducing drugs impact on U.S. food industry | Port talks to restart
There was no overnight grain trade. Grain and livestock markets will resume trading at 8:30 a.m. CT.
Corn basis firmed along with rising cash prices.