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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
Corn and soybeans failed to hold earlier corrective gains late in overnight trade and are expected to open lower this morning.
Corn, soybeans and wheat firmed overnight amid mild corrective buying following sharp losses the first two trading sessions of the new year.
Farmers National Company reports strong gains in farmland prices.
Basis declined for corn and soybeans over the past week but remained positive and above average.
After the Bell | January 4, 2023 Grains extended the previous session’s losses as Covid cases increase in China, pressuring global demand.
China lashes out over Covid restrictions from U.S., others | Xi wants closer ties with Brazil
WHO meets with Chinese scientists as a new COVID variant emerges in the U.S., French and German inflation softens and McCarthy fails to secure votes...
Soybeans are expected to trade higher on corrective buying. Corn and wheat are likely to face followthrough selling.
Soybeans were supported by corrective buying overnight, while corn and wheat faced followthrough selling.
After the Bell | January 3, 2023 A stronger U.S. dollar index, weaker crude and much-needed weekend rains in Argentina sent a general risk-off tone across grains and livestock to begin 2023.