News
Corn and soybeans are expected to open slightly firmer. Wheat will continue to struggle to find buyers.
Corn and soybeans traded higher overnight, while the wheat market turned mixed this morning after corrective gains earlier in the session.
USDA made limited revisions to its balance sheets this month, as expected.
USDA’s March WASDE showed corn domestic and global ending stocks above pre-report estimates, while soybeans and wheat were each slightly lower than expectations.
Focus of USDA’s WASDE on South American crops, especially Argentine soybeans
Light price action is likely this morning as traders await USDA’s Supply & Demand Report.
Corn, soybeans and wheat faced light selling pressure during a relatively quiet overnight session.
Letter stresses production agriculture, Title I, and importance of funding farm safety net
Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened slightly.
Crop stress continues in Argentina, China imports record soybean shipments in 2023 and NY Fed says pandemic supply chains have returned to pre-pandemic function...
Corn and soybeans are expected to open under light pressure, while wheat is anticipated to be mixed.
Fed Chair Powell testifies before Senate Banking panel, but data will speak louder
Corn, soybean and wheat futures traded narrowly on both sides of unchanged in a lightly traded overnight session.
USDA reported weekly export inspections for week ended March 2, which showed corn inspections notably above pre-report expectations, while wheat and soybean inspections each missed the low-end pre-report range.
Wheat futures are sharply lower with corn and soybeans also under price pressure to start the week. Livestock futures are choppy as buyers remain cautious...