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Corn, soybean and wheat futures built on their strong finishes Tuesday during the overnight session.
After the Bell | January 13, 2023 Corn and soybeans ended the week with impressive gains following USDA’s fresh updates on Thursday. Supportive outside markets continue to underpin gains.
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Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.
Corn, soybean and wheat futures extended Thursday’s USDA report-driven gains overnight but buyer interest is fading this morning.
After the Bell | January 12, 2023 The grain and soy complex gained traction following a batch of mostly bullish data released by the USDA.
Dec. 1 stocks, final 2022 production estimates and ending stocks lower than expected for corn and soybeans.
USDA estimated 59% of U.S. winter wheat areas were covered by drought, down five points from the previous week and 10 points lower than last year at this time.
Corn, soybeans turn higher on USDA data. Corn and soybean production also fell short of estimates, leaving ending stocks below the average pre-report estimate.