News
After the Bell | September 25, 2023 SRW wheat strength led the grain complex higher into the close. Soybeans found support from meal futures, though soyoil weakness capped gains.
USDA reported inspections for corn, soybeans and wheat within trade expectations. Corn inspections remain steadily ahead of year-ago, while soybeans went from notably trailing year-ago to running ahead.
Corn and wheat futures open the week higher with soybeans under pressure. Cattle futures are lower with lean hog futures mixed.....
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Grain prices pivoted around unchanged for most of the night, though wheat futures favored the upside.
Corn, soybean and wheat futures held in tight trading ranges in light, two-sided trade overnight.
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Feedlot inventories declined from year-ago for a 12th consecutive month.
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Sen. Robert Menendez indicted on federal corruption charges in New York
Grain and soy markets are expected to see light corrective buying.
Corn, soybean and wheat futures posted mild gains amid corrective buying in light overnight trade.
After the Bell | September 21, 2023 Commodities faced risk-off selling amid U.S. dollar strength from a more hawkish tone following this week’s FOMC meeting.
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Above-normal October rainfall would hamper corn and soybean harvest, but benefit winter wheat.
Grain markets were not immune to broad market selling pressure overnight, with corn, soybeans and wheat each facing losses into the break.
Weekly soybean sales for week ended Sept. 14, were reported at 434,100 MT, short , over 100,000 MT shy of the low-end pre-report estimate, while weekly corn and wheat sales landed just above the low-end estimate.