News
Corn and soybeans traded lower through the overnight session, while wheat firmed this morning after earlier losses
As EU/Mercosur near closing trade deal, U.S. ag sector anxiety increases re: trade policy
Vilsack expects Chinese corn demand to return to U.S., Eurozone inflation continues lower and feedlots hold out for higher cash cattle bids...
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.
OECD predicts slowing economic growth, bellies lead cutout decline and USDA suspends ERP...
In November, approximately 5.78 million birds have been affected by bird flu, a substantial rise from the 1.37 million reported in October.
Soybeans and wheat saw continued followthrough buying overnight, while corn continues to struggle garnering strength, though losses remain limited.