News
Corn and wheat mildly favored the downside, while soybeans traded mostly higher in quiet, two-sided price action overnight.
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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...
Short-term trend flips from bearish to sideways for soymeal.