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Corn futures continued to show relative strength overnight, soybeans saw corrective buying from recent selling and wheat futures saw profit taking, though each saw buying into the break.
Corn, soybeans and wheat traded on both sides of unchanged while holding in tight ranges during the overnight session.
Weekly corn inspections during week ended Nov. 30 totaled 1.16 MMT, exceeding the pre-report range by nearly 260,000 MT, while wheat and soybean inspections each fell short of respective pre-report ranges.
Corn and soybean futures are mildly weaker to start the week with wheat mixed. Cattle futures are sharply lower with lean hogs mixed…
China buys 440,00 MT U.S. SRW wheat | USDA announces other daily export sales
Corn and soybeans favored the downside overnight, with soybeans leading the way lower. Both went into the break well off session lows. Wheat traded higher, continuing to show relative strength.
Corn and soybeans traded lower through the overnight session, while wheat firmed this morning after earlier losses
Friday: Employment & USDA reports | COP28 summit | Supplemental spending/border talks
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Sandra Day O’Connor dies at 93 | Vote to expel Rep. Santos | Record U.S. ag trade deficit
Corn, soybeans and wheat each saw selling pressure overnight and went into the break near session lows with soybeans leading the way lower.
Selling pressure built through the overnight session, with corn, soybeans and wheat trading near session lows earlier this morning.
Our updated monthly and quarterly price forecasts.
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Corn mildly favored the upside overnight, fueled higher into the break by export sales coming in above expectations at a marketing year high, while wheat and soybeans were slightly lower.