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Grain, soybeans futures heading for weekly declines amid demand concerns, dollar upturn.
Grain and soy complex futures were pressured overnight by outside markets and concerns about demand.
Corn futures drop following disappointing export sales; soybeans post modest gains, wheat ends lower.
Average cash steer price rises to the highest since 2015.
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As of Oct. 25, 84% of the U.S. was experiencing abnormal dryness/drought, according to the U.S. Drought Monitor, including 74% of winter wheat areas.
Grain, soybean futures firmer as Argentina, Russia stoke concern over global supplies.
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Weekly export sales for week ended Oct. 20 revealed a continuance of lackluster corn export sales, while soybeans remain steady, maintaining a pace slightly ahead of last year. Wheat topped expectations by over 80 MT.
Wheat futures built on Wednesday’s gains overnight amid global supply worries, while the corn and soybean markets followed to the upside.