News
Crop conditions decline, Ukraine sends grain via key Black Sea port and House votes to keep government open...
OECD forecasts | UAW strike update | Bayer lobbyist | Oil nears $100 | Gas price high
Grains continued to fall under pressure overnight following Monday’s breakdown.
Corn, soybean and wheat futures faced followthrough selling to Monday’s losses during overnight trade.
Illinois accounted for the bulk of the decline for both crops over the past week.
Weekly corn inspections totaled 642,095 MT, up 16,851 MT from the previous week and are running 10.5% ahead of year-ago, while soybean inspections totaled 393,004 MT and are trailing year-ago by 16.2%.
Farm bill | Corteva vs Bayer | UAW strike update | China equities plunge | Energy prices
Grain and soy futures are mildly to moderately lower to start the week. Cattle futures are under corrective pressure and lean hogs are narrowly mixed...
Wheat futures led overnight weakness, though corn recovered to unchanged at the break. Soybeans recovered from overnight lows but are still facing losses.
Short-term trend turns bearish for soybeans and soymeal.
Winter wheat futures led losses in the grain and soy markets during overnight trade.
CR | Appropriations bills | Farm bill | UAW strike | FOMC decision | Ukraine
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Overnight trade was fairly quiet, though corn and beans went into the break on the lows, while wheat is showing relative strength near unchanged.