News
Corn and wheat are expected to open higher amid corrective buying, with soybeans likely to face light profit-taking.
Soybean futures built on Monday’s gains during the overnight session, while corn and wheat firmed amid corrective buying.
Corn and soybean inspections during week ended Dec. 7 declined 464,719 MT and 188,847 MT, respectively, while wheat inspections rose nearly 95,000 MT.
Soybean futures are sharply higher with wheat lower and corn caught in the middle. Livestock futures are mostly higher...
Beans are expected open higher, wheat lower and corn near unchanged.
Soybeans traded higher amid corrective buying overnight, while corn and wheat favored the downside.
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USDA cut corn, wheat and cotton ending stocks, while leaving soybean carryover unchanged.
Global carryover for corn and soybeans each surpassed pre-report expectations by 1.8 MMT and 1.5 MMT, respectively, largely neutralizing the lower-than-expected U.S. corn carryover.
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Corn and soybeans favored the upside overnight, while wheat saw some profit taking, though went into the break well off session lows.
Corn, soybeans and wheat held in relatively tight trading ranges overnight ahead of USDA’s December crop reports later this morning.
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