News
Corn inspections during the week ended Sept. 12 were down 318,180 MT from the previous week, while soybean inspections rose a modest 36,284 MT.
Wheat and corn futures are weaker with soybeans mildly higher. Cattle and hog futures are higher to start the week…
Market now sees 63% chance of half-point cut by Fed on Sept. 18
Wheat saw relative weakness overnight with corn and soybeans following modestly to the downside.
Wheat futures led overnight losses in the grain markets to open the week.
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Wheat led strength overnight though corn and soybeans showed remarkable strength as well, both surging near the early September highs.
Wheat futures firmed overnight amid global supply concerns and rising tensions in the Black Sea region, while corn and soybeans built on Thursday’s gains.
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USDA unexpectedly raised its corn crop estimate, trimmed the soybean forecast.
USDA bumped the corn yield by 0.5 bu. per acre from its August estimate, while the soybean estimate was unchanged 53.2 bu. per acre.
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