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Corn and soybean futures are mildly weaker to start the week with wheat mixed. Cattle futures are sharply lower with lean hogs mixed…
Corn, soybeans and wheat each saw selling pressure overnight and went into the break near session lows with soybeans leading the way lower.
Selling pressure built through the overnight session, with corn, soybeans and wheat trading near session lows earlier this morning.
Our updated monthly and quarterly price forecasts.
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Corn mildly favored the upside overnight, fueled higher into the break by export sales coming in above expectations at a marketing year high, while wheat and soybeans were slightly lower.
Weekly corn, soybean and wheat sales for week ended Nov. 23 each topped pre-report expectations and rose notably from the previous week.
Corn, soybeans and wheat again traded in relatively tight ranges during a quiet overnight session.
Basis remains well below average for corn and soybeans.