News
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...
Corn and soybeans saw corrective gains overnight though saw increased selling into the break. Wheat favored the downside, though went into the break near unchanged.
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Most short-term, intermediate and long-term trends unchanged.
Corn and soybean futures firmed amid mild corrective buying overnight, while wheat traded lower.
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Ukraine expects seeding area to match last year, India’s rice prices continue to rise and beef packers remain at a standoff with feedlots...
Soybeans continue to lead weakness, giving up all of Thursday’s gains overnight, while corn followed to the downside. Wheat futures saw modest corrective gains overnight.
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Corn faced followthrough selling overnight, while soybeans more than erased Thursday’s gains and the wheat market was mixed.
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USDA unexpectedly increased corn ending stock and raised soybean carryover more than anticipated.
USDA showed soybean ending stocks rose 35 million bu. from January, while corn rose 10 million bu,. Meanwhile, 2023-24 global soybean carryover was notably higher than expectations.
