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Corn, soybeans and wheat each saw losses overnight on light volume, though corn and beans each saw increased buying into the break.
Corn, soybeans and wheat each favored the downside overnight following Tuesday’s surge higher.
USDA showed weekly corn inspections of 1.082 MMT for week ended Dec. 21, topping the pre-report range by over 150,000 MT.
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Grain markets were closed overnight, though outside markets are supportive for a higher open this morning.
Grain markets were closed overnight and are set to open at 8:30 a.m. CT. Outside markets are mixed, with crude oil favoring the upside and the U.S. dollar index near unchanged.
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Traders expected a 0.5% decline in the Dec. 1 hog inventory.
Placements declined less than expected, while marketings fell more than anticipated.
The increase in beef stocks was about average during November.
Corn posted fractional gains, soybeans saw corrective buying and wheat rose for the second consecutive day. Cotton futures rose as well. Cattle chopped near unchanged, while hog futures saw steady buying.
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Markets and government offices will be closed on Monday, Washington mulls Houthi strike and German wheat production to fall...
Corn, soybeans and wheat each favored the upside overnight with each firming into the break, as each saw little volatility overnight.
Corn, soybeans and wheat modestly favored the upside, while holding in tight trading ranges during a quiet overnight session.
Corn and wheat saw corrective buying on Thursday despite losses in the soy complex. Cotton futures slipped after intraday volatility. Cattle futures pulled back from recent gains while hogs saw light buying.
The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.