News
Corn, soybeans and wheat each favored the downside overnight, with soybeans leading the way lower as a Trump victory has traders cautious about longer-term impacts to trade.
Soybean futures faced heavy selling overnight, while corn and wheat also traded lower in reaction to the U.S. election results.
People have spoken as political party realignments in clear view
The Purdue University/CME Group Ag Economy Barometer index climbed to a reading of 115 in October, up 27 points (19.3%) from September and five points (4.5%) above year-ago.
Corn soybeans and wheat pivoted near unchanged most of the overnight session though saw an increase in buying pressure late in the session, each going into the break on session highs.
Corn, soybeans and wheat pivoted around unchanged while holding in tight trading ranges overnight but have adopted mildly firmer tones this morning.
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SRW improvement was led by top producer Illinois.
Soybean inspections during the week ended Oct. 31, led the decline, falling 469,793 MT, while wheat inspections fell 101,134 MT and missed pre-report expectations.
Corn and soybeans are moderately higher with wheat futures working to follow higher. Cattle and hog futures are lower to start the week…
What to watch for on Election Night
Soybeans led strength overnight with corn following to the upside. Wheat traded higher early in the session, though selling interest picked up as the session went on.
Short-term trend turns bullish for oats and soyoil.
Soybeans posted double-digit gains overnight while corn followed to the upside. Wheat is narrowly mixed this morning after gains earlier during overnight trade.
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