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Corn and wheat futures traded solidly higher overnight, while soybeans favored the upside in two-sided trade.
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Winter wheat surges near three-month highs after USDA lowers crop; soybeans plunge on unexpectedly high Sept. 1 stocks.
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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.
Wheat futures tracking for second weekly gain on concern over Russie-Ukraine; corn and soybeans also firmer.
USDA’s Grain Stocks Report due out this morning, barges run aground in the Big Muddy and diesel prices soften...
Wheat futures were supported overnight by Black Sea supply concerns as Russia was set to annex four regions of Ukraine. Corn and soybeans followed wheat higher.
Grain, soybean futures end mixed ahead of USDA’s quarterly stocks; USDA reports further hog herd contraction.
USDA estimated the U.S. hog herd has contracted to 73.8 million head as of Sept.1, down 1.1 million head (1.4%) from year-ago and 468,000 head smaller than the average pre-report estimate.
NATO rules Nordstream breech sabotage, Ian shuts-in some Gulf energy production and today’s H&P Report expected to show mild herd contraction...
Winter wheat futures climb to highs for the wheat amid supply concerns, corn and soybeans also firmer,
Sharp drop in cash corn and soybean prices over the past week.
‘Where’s Jackie?’ is not what the White House wanted as key takeaway from Wednesday White House confab
Sharp fluctuations in some of the world’s major currencies are injecting new uncertainty into the global economic outlook.
Despite rains on parts of the Plains, the drought footprint expanded across HRW wheat regions and now covers 64% of U.S. winter wheat area.
Weekly export sales data for week ended Sept. 22 revealed a sizable figure for soybeans at 1,003,000 MT, while corn and wheat each landed within the range of expectations.