News
Corn, soybean and wheat futures were relatively quiet during the overnight session as traders await USDA’s October crop reports later this morning.
USDA reported weekly soybean inspections of 1.04 MMT, notably above the pre-report range.
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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.
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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.
