News
Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.
Monthly index surges erases sharp negative reading
Deere stock rises on earnings beat despite weak guidance | Trump more flexible on China than other China hawks?
USDA estimated 40% of the U.S. winter wheat crop was experiencing D1-D4 drought conditions, down 3 points from last week and one point less than last year at this time.
Wheat boasted relative strength overnight while corn and soybeans struggled to follow to the upside.
Net soybean sales during the week ended Nov. 14 rose 20% from the previous week and topped analysts’ expectations by 260,000 MT. Meanwhile, cotton sales during the week rose solidly to a marketing-year high.
Corn and wheat futures modestly built on Wednesday’s gains during overnight trade, while soybeans rebounded from losses.
Survey finds financial conditions weakest in crop areas
Corn and soybean basis firmed while cash prices dropped.
Stealth farm bill | U.S. closes embassy in Kyiv | $2 bil. for specialty crops | Firms prepare for tariffs
Soybeans led weakness overnight, with corn and wheat following to the downside. Buying interest in wheat picked up into the break.
Corn, soybeans and wheat were pressured overnight by a stronger U.S. dollar and a lack of supportive news.
Stabenow’s lame-duck farm bill is lame; puts partisan politics before farm bill completion
Wheat futures led strength overnight with corn posting modest gains as well. Soybeans showed relative weakness.
Corn and wheat futures mildly extended Monday’s gains during overnight trade, while soybeans failed to find sustained followthrough buying.
HRW improvement was driven by gains in Kansas, Oklahoma and Texas.