News
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.
New farm bill want list growing while funding total unknown and may take months to unfold
Soybeans faced followthrough selling overnight. Corn and wheat posted two-sided trade but have weakened early this morning.
Most of the decline in wheat conditions in February was in top producer Kansas.
Soybean export inspections for week ended Feb. 23 missed low-end expectations by 159,000 MT and were down from the previous week by 893,000 MT. Though wheat inspections were above top end estimates by over 90,000 MT.
Corn and soybeans are off to a tepid start with wheat futures under pressure. Cattle futures are choppy with hog futures mildly higher to start the week...