News
Corn, soybeans and wheat each ended the overnight session modestly higher, led by strength in wheat.
Corn sales rose 63% from the previous week and 4% from the four-week average, while soybean sales were also notable at 2.3 MMT.
Soybeans and wheat are firmer this morning, while corn is trading near its overnight highs.
Soybean basis firmed but remained slighlty below average.
Waiting on 45ZZZZZ | E. coli study ends | Tallow | GOP plans for 2025 | OECD forecasts | USMCA GMO corn dispute decision by Dec. 14 | Fed Chair Powell
Corn, soybeans and wheat each traded lower in overnight trade, though buying interest increased in beans and wheat into the break.
Corn, soybeans and wheat faced price pressure during the overnight sessions.
USDA forecasts major decline in working capital
Biden’s climate agenda in question; Bloomberg reports guidance will come
The jump in the Purdue University/CME Group Ag Economy Barometer was driven by the Future Expectations Index, which increased 37 points to 161, the highest reading since April 2021.
Cargill, Tyson Foods announce major changes | Boozman urges farm financial aid | Court weighs impact of Mass. pork law | OPEC+ faces key decision
Soybeans and wheat led corrective strength overnight while corn saw more modest gains.
Corn, soybeans and wheat firmed amid corrective buying during the overnight session.
Corn inspections during the week ended Nov. 28 led the decline, though were within trade expectations, along with soybean and wheat inspections.
Biden pardons son Hunter | RFK Jr. | France woes | Dem leadership votes | FMMO
Grains open the week under pressure, while livestock markets are firmer.
Corn, soybeans and wheat each favored the downside in overnight trade with wheat leading the way lower.