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Corn and soybeans faced fresh selling pressure during overnight trade, while wheat firmed amid light corrective buying.
After the Bell | October 3, 2023
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Corn and soybeans favored the downside overnight, though wheat futures saw continued strength.
Corn and soybean futures failed to build on Monday’s gains and traded lower overnight, while wheat had a mixed tone.
Corn-for-ethanol use totaled 442.6 million bu. during August, according to USDA.
After the Bell | October 2, 2023 The grain complex saw short-covering efforts despite a surging U.S. dollar and crude oil weakness.
Weekly corn and soybean inspections are running 10.8% and 8.7% ahead of a year-ago, respectively. Meanwhile, wheat inspections are nearly 29% behind the same time last year.
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