News
Weekly export inspections for week ended Oct. 13 reported a notable figure for soybeans, however the current pace is falling considerably behind last year’s. Wheat inspections fell short, with corn just above low range.
Wheat and soybean futures are firmer as corn trades on either side of unchanged. Live cattle futures are firmer with hog futures falling back from early gains.
Wheat futures higher as escalating fighting stirs concern over Ukraine supplies; soybeans firmer, corn slightly lower.
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Wheat futures traded higher to open the week amid global supply concerns, while soybeans softened and corn was caught in the middle.
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Davis Michaelsen and Hillari Mason discuss this week’s market action...
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Corn and wheat are expected to trade lower, with soybeans likely to favor the upside.
Weekly export sales through week ended Oct. 6 revealed corn below expectations for the second straight week, with beans, wheat on the low end of pre-report estimates. However, bean sales continue to outpace last year.
Markets reversed their price trends from Thursday in overnight trade, as corn and wheat pulled back while soybeans firmed.
Wheat futures rebound from overnight losses, end higher on concern over Ukraine shipments; corn also firmer, soybeans mixed.
Cash soybean prices continue to fall amid river transportation issues.
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Grain, soybean futures lower as inflation, economic concerns pressure global markets.