News
Corn, soybeans and wheat each favored the downside in overnight trade, though buying interest perked up into the break.
Short covering spurred gains in the soy and wheat markets overnight, while corn rebounded from Monday’s weakness.
Treasury hack | U.S. aid to Ukraine | Bird flu indemnity rules for poultry farms | Contraction in U.S. mfg. | Energy prices surge
Traders covered more short positions in the soybean and wheat markets overnight, while corn rebounded from Monday’s losses.
Corn inspections during the week ended Dec. 26 led the decline, falling 268,000 MT from the previous week, while soybean and wheat inspections dropped 204,469 MT and 68,238 MT, respectively. However, net inspections were within pre-report estimates.
Corn, soybeans and wheat futures are all off to a higher start alongside livestock futures, which are mostly higher, as well...
Corn continues to lead strength, making new highs, which has supported the grain and soy complex.
Rising credit card defaults | Trump’s trade threats test Mexican industry | FDA weighs ban on red dye No. 3