News
Grain futures extended gains after the report, while cotton increased losses.
Kansas City Federal Reserve finds rising farmland values despite a weakening farm economy.
The corn and wheat markets are deepening earlier gains amid lower-than-expected U.S. and global corn ending stocks, while all wheat production was reported 30 million bu. short of the average trade estimate.
USDA reports today | Rail strike pushed back in Canada | China forecasts big drops in corn, soy, cotton imports | U.S. farm equipment sales decline
Strong wheat gains led corn modestly higher overnight, while soybeans pivoted near unchanged. Price action will largely be dictated by the release of USDA reports at 11 a.m. CT.
Wheat futures surged amid strong followthrough buying overnight, pulling corn and soybeans higher.
Rosario Grain Exchange cuts Argy corn crop as oilseed unions strike, APHIS call for bovine bird flu vaccine and China imports record soybean tonnage...
USDA will provide the first look at the 2024-25 balance sheets and its initial winter wheat crop estimates.
Corn, soybeans and wheat each posted gains most of the overnight session though selling took corn and beans lower into the break, while wheat maintained gains.