News
Corn, soybeans and wheat saw resurgent selling pressure overnight though saw a modest increase in buying pressure into the break.
All three crops remain rated much better than last year at this time.
Corn and soybeans were able to rebound from intraday lows amid a wheat led charge.
Wheat inspections led the weekly increase, rising 168,623 MT, while soybean inspections exceeded pre-report estimates. Corn inspections were just short of topping analysts’ pre-report range.
Soybeans are facing heavy followthrough selling to open the week.
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Corn, soybeans and wheat saw followthrough selling overnight with soybeans leading the way lower.
Active followthrough selling in soybeans overnight.
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Selling was featured across the grain and soy complexes to end the week, though corn and soybeans were able to notch modest weekly gains, while wheat futures marked contract lows.
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President of Minn. Corn Growers Assn. details anxiety in farm country re: low prices
Corn and wheat traded narrowly near unchanged most of the overnight session though saw heightened selling pressure into the break. Soybeans saw relative weakness and went into the break near session lows.
Cash corn and soybean prices rebound from recent lows.
Corn and soybean futures notched gains, while wheat consolidated lower amid lingering technical pressure.
In surprise move, China’s central bank cuts rates, injects funds into market
Corn and soybeans traded on either side of unchanged overnight though saw an increase in buying pressure into the break. Wheat saw relative weakness and gave up most of yesterday’s gain.