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Selling persisted throughout the grain market overnight as corn, soybeans and wheat continue to trade on recent lows. Persistent impressive sales and falling projected acres did little to boost corn prices.
The extended forecast suggests spring planting should advance rather rapidly and favors early crop development.
The initial projections are based on the January WASDE Report. These are USDA’s current best guesstimates. A lot can (and will) change.
Corn, soybeans and wheat extended Wednesday’s losses during the overnight session.
Cash grain prices continue to fall; sharply below year-ago.
Basis remains weaker than average for corn, soybeans and wheat.
Aid to Ukraine, Israel hits House hurdle | Mayorkas House impeachment | 2022 Ag Census
Grain and soy markets are expected to open under solid pressure this morning after weak trade overnight.
Wheat futures led broad losses in the grain and soy complex during the overnight session as markets weakened amid technical selling and a lack of supportive news.
Valuable insights into demographics, economics, land use and activities on U.S. farms and ranches.
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Corn futures saw modest corrective gains overnight, soybeans pivoted near unchanged and wheat reversed Monday’s gains.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
For the week ended Feb., USDA showed corn and wheat inspections up 230,000 MT and 112,000 from the previous week, while soybean inspections fell 420,000 MT after a 320,000 MT upward revision to last week’s figure.
Corn and soybean futures are higher with wheat futures under pressure. Cattle and hog futures start the week working higher...