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Corn and wheat futures worked mildly higher overnight following Thursday’s sharp losses. Soybeans extended yesterday’s sharp loses.
USDA’s Hogs & Pigs Report estimated the U.S. hog herd at 72.5 million head as of June 1, down 629,000 head (0.9%) from year-ago.
December corn sinks to four-month low after USDA raises acreage estimate; soybeans, wheat also lower.
USDA Report Reaction - Soybean plantings estimate sharply below expectations at 88.325 million acres
Estimated corn plantings raised more than expected to 89.92 million ac., all wheat acres also above expectations.
Corn acres slightly higher than trade expectations.
Global demand for biofuels to slow in decade ahead: report
New-crop corn slips near three-month low, soybeans and wheat also lower ahead of USDA reports.
Corn and wheat futures (aside from HRW) extended Wednesday’s losses overnight, while soybeans pulled back from recent gains.
Pigs kept for breeding down slightly less than analysts expected.
New-crop soybeans extend rally as USDA expected to lower plantings estimate; corn and wheat mixed.
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Winter wheat futures firmer on signs of better demand; corn, soybeans firmer ahead of USDA reports.
The corn, soybean and winter wheat markets built on Tuesday’s strong gains overnight, while spring wheat firmed after small losses yesterday.
Soybean futures surge, corn also stronger as weekly USDA crop ratings erode; winter wheat firmer.
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Corn, soybean futures expected firmer after disappointing USDA crop ratings; wheat also higher.
Corn and wheat futures posted strong gains on corrective buying overnight, while soybeans sharply extended Monday’s gains.