News
Corn, soybeans and wheat each saw limited volatility overnight, mildly favoring the downside. Each are trading near their for-the-move lows.
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Corn, soybeans and spring wheat contracts traded higher overnight amid light corrective buying, while the winter wheat markets favored the downside.
Basis turns slightly positive for corn and soybeans as cash prices continue to drop.
Corn and soybeans continue to face persistent selling pressure while wheat futures turned lower as well despite early corrective gains overnight.
Corn and soybeans favored the downside in two-sided trade overnight, while the winter wheat markets posted modest corrective gains.
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USDA reported weekly export inspections of 1.264 MMT soybeans during the week ended Jan. 11, which rose 224,000 MT from the previous week. Meanwhile, corn and wheat inspections declined on the week.
Corn and soybeans are mildly higher with wheat futures mixed. Cattle futures are higher with hog futures under pressure to start the week...
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: Soybeans surged on corrective gains overnight, wheat traded higher though saw profit-taking into the break and corn futures saw continued selling pressure though maintained Friday’s reaction low.
Soybeans and wheat posted mild corrective gains overnight, while corn futures extended their price slide.
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