News
Corn ends slightly higher after harvest progress falls short of expectations; soybeans firmer as oil surges, dollar slumps.
China selling U.S. LNG to Europe, Mexican food retailers work to battle inflation and Eurozone PPI surges on the year...
Report: White House rules out banning natural gas exports | U.S. equities continue rally
NH3 posts an ominous price move as other N products stand pat...
Ahead of the Open | October 3, 2022 Corn futures climb overnight after harvest progress falls short of expectations; corn and wheat also firmer.
Soybeans and wheat are pulling support from outside markets, while corn is mildly favoring the downside.
Soybean futures end higher with support from crude oil rally; corn also firmer, wheat mixed,
Weekly export inspections for week ended Sept. 29 reported wheat inspections notably above expectations, while corn and beans were as expected. Soybean inspections are currently running 3.2% behind a year ago.
Wheat and soybean futures are mildly firmer with corn under light pressure. Livestock futures are higher on a round of corrective buying.
British gov’t drops plans to cut income tax for top earners | Is Credit Suisse in financial trouble?
Grain, soybean futures firmer overnight on smaller harvests, geopolitical concerns.
Short-term trend turns bearish for soybeans, rice, live cattle and lean hog futures.
Corn and wheat futures traded solidly higher overnight, while soybeans favored the upside in two-sided trade.
Employment report Friday | Flurry of Fed speakers again | CR signed into law | Prop 12 challenge
Winter wheat surges near three-month highs after USDA lowers crop; soybeans plunge on unexpectedly high Sept. 1 stocks.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
Senate out until Nov. 14, House to follow after approving stopgap spending bill today | FTC goes after Syngenta, Corteva
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USDA’s quarterly grain stocks data showed YOY increases for corn, soybeans and wheat. Corn stocks were pegged at 1.376 billion bu., below the average trade estimate of 1.512 bb, with soybeans 32 million bu. higher.
Sept. 1 corn stocks came in 135 million bu. below the average pre-report trade estimate. The wheat production estimate was 128 million bu. lower than traders anticipated.