News
Soybeans led the way higher overnight as soybeans, corn and wheat each saw gains into the break. Each is nearing 10-day moving average resistance, which will be the first real test of the recent bounces.
Corn, soybeans and wheat traded lower overnight, with nearby corn and soybeans falling to new contract lows.
SAF details coming by March 1 | Vilsack testifies Wed. | Senate WRDA hearing | WTO ministerial meeting
Placements declined from year-ago levels for a third straight month – a trend that will continue.
Access this week’s newsletter here.
Houthis harangue shippers, Congressional squabbling delays funding bill and China’s new home prices decline...
Houthi ship attacks | U.S. boosts sanctions on Russia | Fedspeak | Natgas prices | Election updates
Corn and soybeans gave up early corrective gains overnight, though wheat holds onto marginal gains. Weak export sales across the board helped spur selling pressure this morning.
Net soybean sales during the week ended Feb. 15 were down 84% from the previous week, while weekly corn and wheat sales were down 37% and 33%, respectively.
Corn, soybeans and wheat firmed amid corrective buying during the overnight session.