News
Corn, soybeans and wheat traded mildly higher in light overnight action as traders awaited USDA’s December crop reports later this morning.
Soybeans climb near highest since mid-September on China demand, soymeal rally; winter wheat lower; corn firmer.
October beef exports reach record high, Canada will curtail fiscal tightening and Putin calls Ukraine incursion a success...
Soybeans climb to 2 1/2-month highs on strong demand; corn, wheat firmer on bargain buying.
Weekly export sales for week ended Dec. 1 reported soybean sales over 1.7 MMT, topping expectations by over 500,000 MT and were up over 1 MMT from the previous week. Corn landed mid-range at 691,600 MT.
As of Dec. 6, 79% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, down one percentage point from the previous week.
Phase 2 of ERP still not released | Mexico to rework GMO corn decree
Corn, soybean and wheat futures modestly built on Wednesday’s gains during overnight trade.
Boxed beef and pork cutout prices continued their recent slide.