News
USDA reported weekly soybean sales of 1.372 MMT during week ended Oct. 12, up 30% from the previous week and 92% from the four-week average. Corn and wheat sales were steady on the week.
After the Bell | October 17, 2023 Followthrough soymeal gains led soybeans higher, while hedge pressure and a general risk-off tone hovered over grains.
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Soybeans favored the upside overnight, corn traded near unchanged for the most part and wheat futures favored the downside.
Corn, soybean and wheat futures again held in tight trading ranges during the overnight session.
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After the Bell | October 16, 2023 Huge soybean inspections, record September NOPA crush and fading soyoil stocks pulled the soy complex higher, while corn and wheat futures succumbed to mild pressure.
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Soybean export inspections during week ended Oct. 12 rose over 600,000 MT from the previous week, notably exceeding pre-report estimates. Meanwhile, corn inspections fell short of the expected range.
Corn futures are lower with soybeans firmer and wheat mixed to start the week. Cattle futures are mildly firmer and lean hog futures are choppy with seller interest limited...