News
Corn and soybeans did not stray far from unchanged in the overnight session while wheat gave up a chunk of yesterday’s gain.
Grain markets slightly down overnight
Drought relief came to the plains, while dryness expanded in the eastern corn belt again
Gains were seen across the grain and soy complex overnight.
Treasury Secretary Scott Bessent announced yesterday that the U.S. will provide financial assistance to Argentina in an effort to stabilize its struggling economy, a move that has sparked anger among American soybean farmers who see Argentina as a major rival.
Corn sales during the week ended Sept, 18 totaled 1.923 MMT, according to USDA, which topped analysts’ pre-report range.
Amount of reported China buys of Argentine soybeans keeps rising
Weak profit margins may limit benefits of lower rates for financially stressed farmers.