News
Corn futures top $6 for first time since July, soybeans near four-month high on South America dryness, wheat firmer.
Corn tops $6 in overnight trading | Last week’s winds labeled derecho event
Soybean futures extended Tuesday’s strong rally overnight, while old-crop corn futures finally topped the $6 level after nearly two months of trying to get above that psychological mark.
Cash soybean meal prices surge above $400 but are still slightly below year-ago.
Soybean basis slips but remains well above the three-year average.
Corn jumps to six-month high, soybeans at 3 1/2-month high on South America dryness, winter wheat up sharply.
The U.S. hog herd is expected to be 2.9% smaller than year-ago as of Dec. 1.
South American dryness is becoming a concern, EPA uncertain on the future of SREs and the U.S. tops list of rising consumer prices...
Biden, Manchin talked Monday evening as revised BBB still possible
Grain futures seen narrowly mixed in pre-holiday trade, South America dryness supporting soybeans.
Price action in grain and soy futures was relatively quiet in two-sided trade overnight.
Soybean futures settle at 2 1/2-month high as South America dryness persists, wheat firmer, corn down slightly.
Soybean and wheat export inspections each declined mildly from week-ago.
Wheat extends three-week slide, corn also lower; soybeans supported by South America dryness
Soybean futures are higher with corn and wheat under pressure. Cattle and hog futures open the week amid moderate selling pressure.
China’s central bank cuts main interest rate first time in 20 months as other central banks tighten
Corn, soybean and wheat futures were unable to sustain initial strength overnight and are trading near session lows this morning as the overall marketplace adopted a general risk-off stance.
White House, Sen. Sanders issue harsh statements about Manchin
Editor Brian Grete and Davis Michaelsen discuss this week’s market action...