News

USDA’s Oct. WASDE revealed an additional cut to the national soybean yield to 49.8 bu. per acre (bpa), while pre-report estimates averaged 50.5 bpa. The corn yield landed slightly above the average estimate at 171.9 bpa.
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Grain, soybean futures lower ahead of USDA’s Crop Production, Supply and Demand Reports.
Corn, soybean and wheat futures faced mild selling pressure in relatively light overnight trade ahead of USDA’s October crop reports later this morning.
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Wheat drops sharply in corrective setback; corn lower, soybeans mixed ahead of Wednesday’s USDA reports.
Weekly export inspections for week ended Oct. 6 reported corn, beans, and wheat within expectations, however corn and bean inspections are now notably behind last year’s, at 9.4% and 23% behind, respectively.
Grain, soybean futures lower in corrective pullback as traders await USDA Crop Production update.