News
Grain and soy futures are expected to open lower, with the heaviest selling likely in the soy complex.
Plunging crop condition ratings and dryness concerns fueled strong gains in corn, soybean and spring wheat futures overnight. Winter wheat futures actively followed to the upside.
Iowa and Illinois led the declines in corn and soybean CCI ratings.
Delayed from its normal release due to Monday’s holiday and technical difficulties, USDA reported a near 300,000 MT week-over-week decline in corn inspections, while soybean inspections rose modestly on the week.
Corn and soybean futures are choppy with wheat futures under pressure. Lean hog futures are higher with cattle futures mixed but mostly lower...
Grain and soy futures are expected to open mixed to mostly lower. Bull spreading is likely in corn and soybeans.
Impact of Blinken meeting with Xi: Did U.S. make concessions, or will they?
Corn, soybean and wheat futures traded higher early in the overnight session but faded and are lower this morning.
Fed Chair Powell to testify before House and Senate panels | Farm Country Update on farm bill this Wednesday