News
The ag markets saw selling pressure across the board today aside from cattle, which rose on anticipation of firmer cash trade.
Soybeans erased Monday’s gains during overnight trade, while corn and the winter wheat markets faced mild followthrough selling.
Soybeans showed impressive strength throughout the session despite weakness in corn, wheat and cotton. Live cattle futures made multi-week highs though faded into the close. Hogs traded around unchanged.
Wheat inspections were near the middle of the expected range.
Wheat futures are under pressure with corn and soybeans choppy. Cattle futures are extending last week’s gains with lean hogs choppy to start the week…
Jones Act repeal pushed | Nippon Steel to acquire U.S. Steel | Drought slows Brazilian fertilizer demand | PARP
Corn traded narrowly to the downside overnight, soybeans traded lower early but went into the break nearer session highs, while wheat saw sustained selling pressure.
Short-term trend turns bearish for U.S. dollar index.
Corn modestly favored the downside overnight, while soybeans and wheat failed to sustain early price strength and have weakened this morning.
Odds sinking for farm bill completion in early 2024 | Shipping woes in Red Sea/Suez Canal