News
Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China’s purchases totaled 1.12 MMT during the week.
Corn and wheat futures posted mild corrective gains throughout the overnight, while soybeans traded on both sides of unchanged.
New economic projections show a notable shift in tone and outlook to dovish.
FOMC | Big changes in Argentina | Sugar tariffs | COP28 agreement… with loopholes | SAF
Corn, soybeans and wheat each favored the downside overnight, though corn and soybeans saw corrective buying into the break.
Corn, soybeans and wheat all traded solidly to the downside during overnight trade.
Annual Iowa State University survey finds farmland values rose in first half 2023, plateaued by end of year.