News
China’s PMI falls, USDA creates 12 regional food centers and cash cattle trade begins to falter...
Corn, soybean and wheat futures were unable to build on Wednesday’s strong gains and faced pressure overnight.
China data questioned on all fronts, including ag production and stocks
Wheat basis firmed along with a rise in cash prices.
JPMorgan Chase & Co could process another 40 Russian grain export payments, two sources told Reuters.
A shift in farmers’ expectations regarding the Fed’s future interest rate policy was a key factor in the improved sentiment.
Wheat futures rebounded late in the overnight session, which should trigger followthrough corrective buying early this morning. Corn and soybeans are called lower.
Corn, soybean and wheat futures faced followthrough selling during overnight trade.
Mato Grosso grain storage deficit could reach 64 MMT...