News
Weekly export sales for week ended Jan. 5 reported corn sales below low-end expectations for the second week straight, while wheat and soybeans each landed within their lower expected ranges.
After the Bell | January 10, 2023 Grains ended the session mostly lower in anticipation of USDA’s final estimates to the 2022-23 crop on Thursday.
USDA will release its Annual Production Summary, Supply & Demand Report, Winter Wheat Seedings and Quarterly Grain Stocks Report on Thursday.
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Bears tightened their grip on the grain and soy markets overnight after a disappointing finish on Monday. Lower price action is expected this morning.
Heavier selling pressure was seen in grain and soy futures overnight, especially the soybean and winter wheat markets, after disappointing finishes on Monday.
Weekly export inspections for week ended Jan. 5 revealed wheat inspections up over 116,001 MT from the previous week’s tally, while corn and soybeans were well below.
Soybeans are mixed with corn mostly lower and wheat mildly firmer to start the week. Livestock futures are supported by corrective buying...
Corn and wheat are expected to open lower, with soybeans likely to trade higher initially this morning.