News
Includes $24 billion for USDA and $40 billion for FEMA
Weekly wheat inspections during the week ended Nov. 14 declined 157,000 MT from the previous week and missed analysts’ pre-report range by more than 100,000 MT. Corn and soybean inspections were within expectations.
Corn and soybean futures are under pressure as wheat futures firm. Catt;e futures are mixed with lean hogs higher...
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Corn, soybeans and wheat each opened higher overnight, though corn and beans struggled to maintain early overnight gains.
Wheat futures firmed, soybeans weakened and corn chopped around unchanged during the overnight session.
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Weekly corn sales during the week ended Nov. 7 totaled 1.32 MMT, down 53% from the previous week, while soybeans declined 24% to 1.56 MMT.
Wheat and soybeans saw corrective strength overnight while corn struggled to garner much bullish momentum.
Corn, soybeans and wheat firmed amid light corrective buying during the overnight session.
Only Wisconsin saw an annual increase
Cash wheat prices drop to remain well below year-ago