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The 90-day forecast from the National Weather Service signals increased chances of above-normal precipitation across most of the key HRW production areas of the Central and Southern Plains through February.
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Corn, soybeans and wheat each traded higher in early morning trade though saw profit taking into the break, sending each product nearer session lows.
Soybeans and soymeal led price gains overnight after high-range closes on Tuesday. Corn and wheat followed to the upside.
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Soybeans favored the downside overnight, while corn and wheat saw lighter price pressure. Each saw buyers come under the market this morning though and rallied into the break.
Soybeans and soymeal led a pullback from Monday’s gains during the overnight session, while corn and wheat saw lighter price pressure.
Chip Flory talks trade policy, government shutdown and ethanol with Iowa Senator Charles Grassley (R) in this excerpt from AgriTalk Radio November 13, 2023.
Both crops remain well above last year’s levels.