News
Soybeans led corn higher in corrective strength, while wheat continued to undergo selling pressure in the overnight session. Bulls will seek to build on strength following strong daily sales.
Corn, soybeans and wheat are under pressure to start the week. Cattle futures are choppy with lean hogs mixed…
Corn led weakness overnight with soybeans and wheat both following to the downside.
China’s exports growth slows in September; deflationary pressures build
China’s deflationary problems getting worse; latest stimulus announcement disappoints
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USDA raises corn crop estimate but new-crop ending stocks now slightly below 2 billion bushels.
On average, analysts expected a modest decline in corn yield from September, though USDA increased the figure 0.2 bu., with production now estimated at 15.203 billion bu. Soybean production was pegged at 4.582 billion bu., using a yield of 53.1 bu. per acre.