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China mulls new stimulus, higher deficit | IMF forecasts | Ukraine farmland abandonment
Corn and soybeans favored the downside overnight but saw limited ranges in continuation of Monday’s selling pressure. Wheat saw sharp losses a price broke down technically.
Corn and soybeans extended Monday’s losses during overnight trade, while wheat more than wiped out yesterday’s gains.
After the Bell | October 9, 2023 The wheat complex notched short-covering gains, while corn and soybean strength from heightened geopolitical tensions eased as the day progressed.
U.S. congressional delegation in Beijing meets with Xi | Senior spending | OPEC raises forecasts for global oil demand
Corn, soybeans and wheat followed crude oil higher overnight, cattle futures are choppy with lean hogs under seasonal pressure...
Corn, soybeans and wheat each favored the upside overnight though went into the break off session highs.
Corn, soybeans and wheat firmed overnight on support from crude oil as it responded to a major geopolitical shock over the weekend when Hamas raided Israel.
USDA reports Thursday | Inflation reports Wed. & Thurs. | IMF forecasts Tuesday