News
U.S. government forecasters signal La Niña has ended, but the extended weather forecast from the National Weather Service continues to indicate La Niña-like weather will persist through June.
After trading higher earlier in the overnight session, corn, soybeans and wheat have turned mostly lower early this morning.
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Grain and soy futures are expected to open lower after pressure during overnight trade. Corn could get a boost from daily export sales to China.
Corn and soybeans faced followthrough selling overnight, while the wheat market pulled back from Monday’s corrective gains.
Weekly export inspections for week ended March 9, showed corn inspections for the week at over 999,000 MT, near top-end pre-report estimates, while soybeans were mid-range. Wheat inspections were just shy expectations.
Corn and soybeans opened the week under light pressure with wheat higher. Cattle futures are lower with lean hog futures narrowly mixed...
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