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Soybean futures firmed amid corrective buying overnight, while wheat declined and corn chopped around unchanged.
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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Corn and wheat futures are higher with soybeans under light selling pressure. Cattle futures are higher with lean hogs under pressure...
Corn and wheat saw corrective gains overnight, while soybeans saw followthrough selling.
Chart trends remained mostly unchanged from the previous week.
Corn and wheat futures traded higher on corrective buying overnight, while soybeans faced followthrough selling.
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After the Bell | September 29, 2023 USDA’s Quarterly Stocks Report extended early session selling, while a potential government shutdown heightened risk-off sentiment.
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Soybean stocks and wheat production came in higher than expected. Sept. 1 corn stocks were lower than anticipated.