News
Our monthly and quarterly price forecasts, including the first projections for the first quarter of 2024.
Corn and wheat futures are expected to open higher amid Black Sea supply concerns after Russia attacked a Ukrainian port on the Danube River. Soybeans are expected to open lower on forecasts for improved weather.
Corn and wheat futures posted corrective gains overnight after Russia attacked a key Ukrainian port but have come well off their highs this morning. Soybeans initially traded higher but have weakened.
This month’s rise was primarily the result of farmers’ improved perception of current conditions on their farms.
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Grain and soy futures are expected to open with a varied tone today. Price direction will largely be determined by money flow to start the new month.
Corn, soybeans and wheat traded on both sides of unchanged while holding in relatively tight ranges during the overnight session.
The spring wheat CCI rating was the lowest of the growing season; the corn and soybean crops were still above their early July ratings.