News
Corn, soybeans and wheat each saw modest gains in the overnight session as positioning led trading ahead of today’s USDA reports.
Harris on taxes | Vilsack on farm bill | Senate elections | Another sizable ag trade deficit in August | Update on EU proposal to delay of deforestation reg
Wheat led strength overnight, with corn and beans recovering a portion of yesterday’s losses.
Wheat futures extended Tuesday’s gains overnight, while the corn and soybean markets rebounded from their losses.
Announcement in line with President Biden’s executive order
White House ag event | Harris interview | U.S. trade deficit narrows | Cattle market rule
Soybeans led weakness overnight with corn and wheat following to the downside. The key will be if strength returns after the open, which has been the recent norm.
Soybeans faced heavy followthrough selling overnight, while corn and wheat pulled back from Monday’s gains.
CCI ratings are still 29.7 points (8.8%) above year-ago for corn and 26.1 points (7.8%) above for soybeans.