News
During the week ended Oct. 3, soybean inspections totaled a notable 1.431 MMT, jumping nearly 750,000 MT from the previous week and exceeding pre-report expectations.
Dockworkers’ strike ended Thursday night, removing a potential economic headwind
Beans are expected to open mildly firmer, while corn and wheat will face price pressure.
Soybeans recouped some of Thursday’s losses during the overnight session, while corn and wheat faced followthrough selling.
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Price rally at one-month highs
Grain futures are expected to open lower, led by soybeans.
Corn sales during the week ended Sept. 26 exceeded pre-report estimates by nearly 700,000 MT, while wheat sales were also stronger than expected. Soybean sales were also solid at 1.44 MMT.
Corn, soybeans and the winter wheat markets favored the downside during overnight trade.