News
Wheat led strength overnight though corn and soybeans showed remarkable strength as well, both surging near the early September highs.
This too shall pass: Ag industry stakeholders in anxious mood over low prices, inaction on farm bill
While corn sales proved lackluster, net soybeans sales were notable at 1.47 MMT, though both corn and soybean sales are notably trailing the same period a year-ago.
Wheat continues to show relative strength, helping pull both corn and beans higher in the overnight session. Modest selling pulled corn and beans off overnight highs into the break.
Wheat futures led followthrough buying in the grain and soy markets during the overnight session.
Corn and soybean basis weakens as harvest starts.
Syngenta to reduce 150 positions; Deere agrees to pay $9.93 million to settle SEC charges
Corn and soybeans recouped a portion of Tuesday’s losses overnight, while wheat saw continued strength.
Corn and soybean futures rebounded from Tuesday’s losses, while wheat showed followthrough price strength during the overnight session.