News
Corn, soybean and wheat futures extended recent losses overnight amid a lack of supportive news and elevated risk aversion.
Ag attache cuts Argy crop estimates, Ukraine looks to resume grain transit through Poland and China’s pork output rises sharply...
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Soybeans are expected to open higher on followthrough buying. Mixed trade is likely in corn and wheat.
Soybean futures led a round of followthrough buying during overnight trade.
Condition ratings continue to show two starkly different U.S. winter wheat crops.
USDA reported corn inspections of 1.215 MMT in week ended April 13, topping the pre-report range of 700,000 MT to 1.05 MMT
Soybean futures are higher with wheat and corn futures choppy to start the week. Cattle futures are firmer with lean hogs working higher as well...
Soy futures are expected to open firmer on support from an Argentine grain inspector strike at ports. Corn and SRW wheat are also expected to trade higher, while HRW and HRS wheat futures will likely face light selling.
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