News
Weekly export sales for week ended Oct. 13 revealed soybean sales over 2 MMT, while corn fell within pre-report estimates, but continues to lag last year’s pace by over 50%. Wheat missed low-end expectations by 30 MT.
Supportive outside markets helped fuel a corrective rebound in grain and soy futures overnight.
Basis improves for both corn and soybeans despite Mississippi River shipping issues.
Corn futures drop fourth straight session on harvest pressure; wheat also lower, soybeans bounce back, end firmer.
Specifically relating to agriculture, the Fed noted “reports were mixed, as drought conditions and high input costs remained a challenge.”
Biden to continue to sell from SPR, Russian planes patrol neutral waters and Mpls Fed President holds the line of monetary tightening...
Corn, soybean futures lower on increasing harvest pressure; wheat futures rebound as trade watches Ukraine.
Republican midterm prospects brighten | Putin declares martial law in four regions of Ukraine
Soybean futures extended Tuesday’s losses overnight, while corn traded lower for a fourth straight day. Wheat futures rebounded from Tuesday’s losses.
Corn futures drop near two-week lows, soybeans also down, on harvest pressure, crude oil weakness; winter wheat lower.