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Corn futures built on Thursday’s late corrective rebound during overnight trade, while soybean and wheat also firmed on short-covering.
Soybeans end near three-week lows, wheat also lower as Ukraine export deal extension eases supply concerns.
Cash soybean prices rise as seasonal export demand builds.
Goldman Sacs raises Fed rate ceiling, Eurozone inflation continues to firm and China sells all state-owned wheat supplies put up for auction...
Weekly soybean export sales for week ended Nov. 10 almost double top-end expectations of 1.7 MMT, while corn sales of nearly 1.2 MMT proved shy of top-end estimates by 230 MT.
The extended forecast wouldn’t be overly optimistic for significant improvement to HRW wheat conditions. However, SRW wheat areas should see relatively favorable winter weather.
SRW wheat sinks to 2 1/2-month low, corn and soybeans also lower as Ukraine export deal extended.
The area of winter wheat USDA estimated to be in drought conditions increased 1 percentage point to 75%.
Ukraine grain export pact extended for 120 days | Pelosi to announce ‘future plans’ today
Deal is extended for 120 days from Nov. 18 with no changes.
Corn, soybean and wheat futures sharply extended Wednesday’s losses overnight on news the Black Sea grain export deal was extended and pressure from outside markets.
Corn and soybean basis continues to strengthen as harvest winds down.
Soybean futures drop sharply amid weakness in crude, vegoils; corn, wheat lower on optimism over Ukraine export deal.
Poland blames Ukraine for wayward missile, OMB schedules meetings on RVO requirements and Yellen met with Chinese counterpart...
Grain, soybean futures lower on growing confidence Ukraine export deal will be extended.
Retail sales expand faster than expected, suggesting resilience in household spending
Grain markets faced pressure overnight and are trading near session lows this morning as the war escalation concerns that fueled gains late Tuesday have eased.
Grain, soybean futures end firmer as reports of Russia missile strikes in Poland stoke supply concerns.
Biden/Xi ease contentious U.S./China relationship on several topics
Brotherhood of Boilermakers reject Union/Rail agreement, Goldman Sacs sees inflation easing and cash hogs continue to slide...