News
Corn is expected to open lower, with soybeans likely to trade mildly firmer and wheat mixed.
Net sales reductions of 210,500 MT of wheat were reported in week ended May 25, missing the expected range by over 100,000 MT. Weekly corn and soybean sales were near the low-end of their respective pre-report estimate.
Corn futures are extending losses early this morning, while beans and wheat are mixed.
Drought continues to spread from west to east across major U.S. corn and soybean areas.
House passes debt ceiling bill, Ukraine grain and oilseed production projected lower and China’s small factory activity rises...
OPEC | Collin Peterson alters farm bill stance | Calif. to host 3 webinars on implementation of Prop 12
Corn, soybean and wheat futures are expected to open sharply higher following strength overnight and on weather concerns.
Soybean futures led overnight price gains, though corn and wheat actively participated in the push to the upside.
Corn and soybean basis remains well above average.
CBO issues surprise re: SNAP changes | Xi involved in crackdown on statistical fraud
Grain and soy futures are expected to face heavy pressure after active followthrough selling during overnight trade.
Corn, soybeans and wheat actively extended Tuesday’s losses during overnight trade.
The initial CCI ratings came one week earlier than last year.
Weekly corn inspections were down slightly from the previous week but were near the top-end pre-report estimate of 1.4 MMT. Corn in Wheat and soybean inspections were each near the respective low-end ranges.
Corn, soybeans and wheat futures are under hefty pressure to start the week. Livestock futures are higher this morning...
Senate also has votes to clear package, but timeline could be delayed