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China to limit corn deliveries, attache lowers Brazilian crop estimates and tugboat tests temporary transit...
Corn, soybeans and wheat each traded in tight ranges during low volume trade overnight. Soybeans favored the upside and wheat favored the downside modestly into the break.
Corn, soybeans and wheat held in tight ranges during light, two-sided overnight trade.
SRW CCI rating was virtually unchanged over the winter.
Weekly corn and wheat inspections each topped pre-report estimates for the week ended March 28, while soybeans missed the low-end pre-report estimate by 86,000 MT.
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Corn and wheat futures are pulling back from Thursday’s gains as soybeans firm. Livestock futures are lower to start the week...
Soybeans posted corrective gains overnight, while corn and wheat gave up a significant portion of Thursday’s gains.
Soybeans posted solid gains amid corrective buying overnight, while corn and wheat futures pulled back from last Thursday’s gains.
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Nearly every category topped the average pre-report estimates.
Corn planting intentions and March 1 stocks came in lower than expected.
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USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.
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Weekly wheat sales were just above the pre-report range for the week ended March 21, while soybean sales missed the expected range by 36,000 MT. Corn sales held steady at 1.21 MMT.