News
Corn, soybeans and wheat futures were lower overnight with cattle higher and hogs under light pressure.
Monthly Rural Mainstreet Index negative for sixth consecutive month.
Argentina slashes wheat crop forecast, rail labor negotiations continue and watchers expect lower than year-ago numbers in Cattle on Feed Report...
Corn, soybeans, SRW wheat slightly firmer amid corrective buying, tight supply outlook.
Pelosi stays in House but steps down as Democratic leader for next Congress
Corn futures built on Thursday’s late corrective rebound during overnight trade, while soybean and wheat also firmed on short-covering.
Soybeans end near three-week lows, wheat also lower as Ukraine export deal extension eases supply concerns.
Cash soybean prices rise as seasonal export demand builds.
Goldman Sacs raises Fed rate ceiling, Eurozone inflation continues to firm and China sells all state-owned wheat supplies put up for auction...
Weekly soybean export sales for week ended Nov. 10 almost double top-end expectations of 1.7 MMT, while corn sales of nearly 1.2 MMT proved shy of top-end estimates by 230 MT.
The extended forecast wouldn’t be overly optimistic for significant improvement to HRW wheat conditions. However, SRW wheat areas should see relatively favorable winter weather.