News
Heavier selling pressure was seen in grain and soy futures overnight, especially the soybean and winter wheat markets, after disappointing finishes on Monday.
Weekly export inspections for week ended Jan. 5 revealed wheat inspections up over 116,001 MT from the previous week’s tally, while corn and soybeans were well below.
Soybeans are mixed with corn mostly lower and wheat mildly firmer to start the week. Livestock futures are supported by corrective buying...
Corn and wheat are expected to open lower, with soybeans likely to trade higher initially this morning.
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Short-term trend turns sideways for corn and SRW; trend now lower for lean hog futures.
Soybeans and wheat mildly favored the upside in quiet overnight trade, while corn traded on both sides of unchanged.
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After the Bell | January 6, 2023 Corn, soybeans end the first week of the year mostly higher after facing sharp selling early in the week, while wheat finished lower.
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Weekly export sales for week ended Dec. 29 revealed mild wheat sales, missing low-end expectations by nearly 153,000 MT. Corn sales were also shy by 81,000 MT and soybeans landed on the low range.
China to expand oilseed acreage, Australian wheat crop forecast at record levels and Eurozone inflation softens sharply...
Grain and soy futures are expected to open firmer on corrective buying, though it has been a struggle to find sustained buying during daytime trade on bounce attempts this week.
Corn, soybeans and wheat were supported by corrective buying overnight after heavy selling pressure earlier this week.
After the Bell | January 5, 2023 Risk aversion in commodities persists as the U.S. dollar treads higher.
Argy soybean sales lag year-ago, China releases COVID data and USDA to announce funding to increase packing capacity...
As of Jan. 3, 70% of the U.S. was covered by abnormal dryness/drought, down four percentage points from the previous week and 15 points below the peak in early November.
Biden to visit border, speak today on border security and enforcement, hold Cabinet meeting