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Union workers strike America’s Big Three automakers | Gas, diesel prices continue surge
Legislation sparks subsidy kerfuffle, China’s factory output rises and hog futures signal seasonal low...
Overnight trade was fairly quiet, though corn and beans went into the break on the lows, while wheat is showing relative strength near unchanged.
Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.
For week ended Sept. 7, USDA reported weekly soybean sales of 703,900 MT, 34.2% behind a year ago at this time. Weekly meal and oil sales notched net reductions during the week of 201,600 MT and 3,900 MT, respectively.
ECB raises rates to all-time high | Diesel prices and availability concerns | UAW talks
Action was mixed overnight in grains but corn, soybeans and wheat each saw selling pressure into the break.
USDA reported weekly new-crop corn sales of 949,700 MT in week ended Aug. 31, which was near the top-end pre-report range, while soybean sales totaled 1.78 MMT. A fresh marketing year began Sept. 1.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.
Soybean basis turns negative for the first time this year.
After the Bell | September 13, 2023 Corn, soybeans and wheat ended the session higher on corrective buying efforts following Tuesday’s bearish reaction to USDA’s September crop data.
Despite the stronger consumer inflation data, Fed fund futures reflect increased odds the Fed will embark on an extended pause for interest rates.
France lowers wheat export forecast, USDA Secy Vilsack encourages biofuel production and the U.S. Dept of Labor eyes H-2A improvements...
Grains were mixed overnight, though all finished higher into the break. Wheat led the way higher amidst short covering.
Grain futures posted two-sided trade overnight, with corn and wheat favoring the upside and soybeans mildly weaker early this morning.
Oil rally continues | House impeachment inquiry | Kim & Putin begin talks | Vilsack on ethanol
After the Bell | September 12, 2023 USDA’s September Crop Reports cast a negative tone across corn and soybeans, while wheat ended mildly positive after reaching fresh contract lows late-morning.