News
Corn, soybeans and wheat each traded lower in overnight trade, despite rebounding outside markets.
All three crops remain rated well above last year at this time.
The grain and soy complexes ended the session higher, despite a broad risk-off tone across the marketplace, with extended weakness in the U.S. dollar lending support.
Josh Linville, Director of Fertilizer at StoneX surveys the current situation and looks out to the coming months
Weekly corn inspections during the week ended Aug. 1 totaled 1.2 MMT, up 143,000 MT from the previous week and topping analysts’ pre-report expectations.
Grain and livestock markets are lower to start the week with a sharp falloff in feeder cattle futures leading the
Corn, soybeans and wheat each saw selling pressure though stayed above recent lows.
Traders starting to signal need for emergency Fed meeting to lower rates
Grains pressured overnight by generally favorable weather and strong risk aversion.
CBO scores House farm bill and there is a surprise regarding sugar policy
The grain and soy complexes marked short-covering gains to end the week, with support stemming from a plunging U.S. dollar.
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CBO report on House farm bill scoring will not please House Ag Chair Thompson
Soybeans led strength overnight with corn seeing modest gains as well. Wheat saw relative weakness most of the overnight session though rebounded into the break.
Corn and soybeans edged lower, though modest short-covering in wheat pulled both from session lows.
Wheat saw relative strength overnight while corn and soybeans saw modest selling pressure.