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U.S. and allies prepare sanctions against China, U.N. reports fall in global food price and Gov. Reynolds (R - IA) to appeal to Biden on E15...
President Biden to visit E. Palestine, Ohio, but does not say when
Corn, soybean and wheat futures are expected to open with a firmer tone this morning as markets continue to recoup sharp losses from earlier this week.
Grain and soybean futures continued their attempt overnight to recoup some of the recent sharp price losses.
Soybean sales for the week were down 14% from the previous week and 25% below the four-week average. Corn sales for the week were down 48% from the four-week average, though wheat sales were up 39%.
Soybeans are expected to open mildly weaker after fading late in the overnight session. Corn and wheat are called slightly firmer at the start of daytime trade.
Corn, soybean and wheat futures built on yesterday’s corrective gains during the overnight session.
Corn basis firmed, though the average cash price fell sharply.
Spring crop insurance prices are in, La Nina is likely coming to an end and China’s PMI improves for the second consecutive month...
Attack drone reportedly gets within 70 miles of Moscow
Soybeans are expected to open firmer on corrective buying. Corn and wheat are likely to be mixed.
Modest corrective buying was seen in the corn, soybean and winter wheat markets overnight following recent, sharp price losses.
European bond yields climb, Russia cozies up to Chinese yuan and Germany detects ASF...
Soybeans are expected to lead losses in the grain and soy markets this morning in a continuation of price pressure from overnight trade.