News
Soybeans traded higher but within Tuesday’s range, while soymeal futures posted new highs. Wheat futures were supported by mild corrective buying, while corn posted light, two-sided trade overnight.
Wheat export inspections for week ended Dec. 1 proved solid, topping expectations by nearly 35 MT, and up over 50 MT from the previous week. Corn inspections were mid-range, and up by almost 213,000 MT week over week.
Corn and soybean futures are mildly firmer with wheat mixed. Livestock futures are choppy and mostly lower to start the week...
Corn, wheat futures higher in corrective rebound, soybeans also firmer on demand optimism.
Short-term trend turns bearish for corn and soyoil; bullish for soybeans and soymeal.
China pivots on zero-Covid policy
Soybeans and wheat were mildly firmer in overnight trade, while corn traded narrowly on either side of unchanged.
FY 2023 funding | Ag disaster aid | WRDA | Nominations
Corn futures drop to three-month low as chart breakdown fuels fund selling; wheat also lower, soybeans higher.
Access this week’s newsletter here.
Employment report | USDA farm income | Rail strike averted | Ag disaster aid for 2022