News
Grain and soy futures are expected to open daytime trade with a firmer tone as traders focus on weather and geopolitics.
USDA reported net soymeal sales of 272,500 MT for week ended July 13, which exceeded top-end pre-report estimates. Meanwhile, net wheat sales fell short of trade expectations.
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Corn, soybeans and wheat traded on both sides of unchanged during the overnight session.
Cash hog and pork product prices continue to climb seasonally.
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Grain and soy futures are expected to open sharply higher amid uncertainties with the Black Sea grain supply and weather concerns.
Corn, soybeans and wheat sharply extended Tuesday’s gains during the overnight session amid concerns with U.S. weather and Black Sea grain supplies.
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Grain and soy futures are expected to open solidly higher after price gains overnight.
Corn, soybean and winter wheat futures traded higher overnight.
All three crops are still rated lower than last year at this time.
USDA’s weekly export inspection data for week ended July 13 showed a mild increase in corn inspections from the previous week, while soybeans and wheat declined notably.
Grain and soy futures are being supported by concerns with U.S. weather and Black Sea grain supplies.
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