News
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.
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USDA wants FSA to become ‘lender of first opportunity’
Soybeans are expected to open with a weaker tone after price pressure overnight. Corn and wheat may receive some support from a sharp drop in the dollar.
Soybeans traded higher on corrective buying early in the overnight session but are weaker this morning, while corn and wheat pivoted around unchanged.
Budget proposals focus on conservation, research, lending and farm bill
Rosario Grain Exchange pushes Argy soy crop estimate below 30 MMT, Russia balks at grain deal extension and Fed Chair Powell did not specify this month’s rate increase...
Consensus: Argentine soybean crop 27 MMT and heading lower
USDA reported 23,000 MT of soybean reductions for week ended March 2, a new marketing year low, while corn sales proved solid, landing near the top-end of the expected pre-report range of 1.2 MMT.
Corn and soybeans are expected to open slightly firmer. Wheat will continue to struggle to find buyers.