News
Corn and wheat are expected to trade lower, with soybeans likely to favor the upside.
Weekly export sales through week ended Oct. 6 revealed corn below expectations for the second straight week, with beans, wheat on the low end of pre-report estimates. However, bean sales continue to outpace last year.
Markets reversed their price trends from Thursday in overnight trade, as corn and wheat pulled back while soybeans firmed.
Wheat futures rebound from overnight losses, end higher on concern over Ukraine shipments; corn also firmer, soybeans mixed.
Cash soybean prices continue to fall amid river transportation issues.
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Grain, soybean futures lower as inflation, economic concerns pressure global markets.
As of Oct. 11, 82% of the U.S. was experiencing abnormal dryness/drought, up five points from the previous week. Drought coverage increased in the PNW, Plains, Ohio River Valley and Southeast.
Soybean futures pulled back overnight from their strong gains Wednesday, while wheat traded mildly higher after yesterday’s losses. Corn posted two-sided trade.