News
Grain and soy futures are expected to open firmer on corrective buying, though it has been a struggle to find sustained buying during daytime trade on bounce attempts this week.
Farmers National Company reports strong gains in farmland prices.
Basis declined for corn and soybeans over the past week but remained positive and above average.
After the Bell | January 4, 2023 Grains extended the previous session’s losses as Covid cases increase in China, pressuring global demand.
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Soybeans are expected to trade higher on corrective buying. Corn and wheat are likely to face followthrough selling.
Soybeans were supported by corrective buying overnight, while corn and wheat faced followthrough selling.
After the Bell | January 3, 2023 A stronger U.S. dollar index, weaker crude and much-needed weekend rains in Argentina sent a general risk-off tone across grains and livestock to begin 2023.
Corn, wheat and soybean export inspections for week ended Dec. 29 fell notably below the previous week. Wheat and soybeans fell below expectations, while corn landed just above low range.
The Purdue University/CME Group Ag Economy Barometer rallied sharply in December to the highest reading for 2022.