News
Corn, soybeans narrowly mixed, wheat lower as traders watch weather, outside markets
Corn and soybeans are weaker this morning after two-sided price action overnight, while wheat futures are mostly firmer.
Soybeans end lower as dollar strengthens, crude oil falls; corn and wheat firmer; hogs hit two-month low.
Big weekly gains in cash grain and soybean prices.
Rural Mainstreet Index registers sight decline in optimism on farmland and ag equipment.
Weekly export data for week ended Dec. 8 showed corn topping expectations by nearly 60,000 MT, with wheat nearly 120,000 MT above the top-end range. Soybean export sales breached the top-end range by 943,000 MT.
The National Weather Service (NWS) 90-day forecast continues to call for increased chances of below-normal precip across most of HRW wheat areas during the January through March period.
As of Dec. 13, 78% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, seven points below the peak at the beginning of November.
Mexican officials to visit Washington Friday to defuse GMO corn trade dispute
Corn, soybeans narrowly mixed, wheat firmer, as traders watch U.S., South American weather.