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Pelosi stays in House but steps down as Democratic leader for next Congress
Corn futures built on Thursday’s late corrective rebound during overnight trade, while soybean and wheat also firmed on short-covering.
Soybeans end near three-week lows, wheat also lower as Ukraine export deal extension eases supply concerns.
Cash soybean prices rise as seasonal export demand builds.
Goldman Sacs raises Fed rate ceiling, Eurozone inflation continues to firm and China sells all state-owned wheat supplies put up for auction...
Weekly soybean export sales for week ended Nov. 10 almost double top-end expectations of 1.7 MMT, while corn sales of nearly 1.2 MMT proved shy of top-end estimates by 230 MT.
The extended forecast wouldn’t be overly optimistic for significant improvement to HRW wheat conditions. However, SRW wheat areas should see relatively favorable winter weather.
SRW wheat sinks to 2 1/2-month low, corn and soybeans also lower as Ukraine export deal extended.
The area of winter wheat USDA estimated to be in drought conditions increased 1 percentage point to 75%.
Ukraine grain export pact extended for 120 days | Pelosi to announce ‘future plans’ today