News
Weekly export inspections for week ended Jan. 26, showed corn inspections 200,860 MT below the previous week, missing low-end estimates by over 70,000 MT. Wheat and soybean export inspections were each notable.
Access this week’s newsletter here.
Corn, soybeans and wheat dropped at the end of the overnight session, prompting calls for a weaker start this morning.
Report: House GOP leaders considering short-term extension federal debt ceiling
Corn and soybeans posted two-sided trade in light overnight price action, while wheat faded.
Cash hog prices extend seasonal decline to nearly $7 below year-ago.
Corn, soybeans and wheat are expected to open with a firmer tone on followthrough from overnight gains, along with supportive weekly export sales data and strength in crude oil.
China increases corn in feed rations, U.S. money supply declines and Mosaic will not restart idled potash mine...
USDA’s weekly export data for week ended Jan. 19 showed wheat sales up 6% from the previous week and 84% from the prior four-week average. Net soybean sales were up 53% from the four-week average, while corn was up 46%.
Soybeans and wheat built on Wednesday’s gains during the overnight session, while corn rebounded from yesterday’s modest declines.