News
Corn futures drop to two-month low after USDA boosts crop estimates; wheat also hits two-month low, soybeans firmer.
Corn falls to five-week low, soybeans and wheat also lower amid U.S. dollar strength.
Corn, soybeans and wheat favored the downside in quiet, two-sided trade overnight, though seller interest has picked up early this morning with futures trading near session lows.
China weighs gradual zero-Covid exit
Most of the modest improvement was in SRW CCI ratings.
December corn falls to four-week low, soybeans fade from six-week high amid demand concern; wheat mixed.
Following are USDA’s initial assumptions for 2023-24.
Weekly export inspections for week ended Nov. 3 revealed soybean inspections notably above the top-end estimate of 2.5 MMT, while corn and wheat each fell short of low-end expectations for the week.
Corn and soybean futures are mildly weaker with wheat higher. Cattle futures are mixed with lean hogs supported by corrective buying to start the week...
Soybeans drop from six-week high amid China demand concern; corn and winter wheat also lower.
USDA is expected to make minor adjustments to its U.S. crop estimates and balance sheets, though bigger changes are possible for global wheat production.