News
Soybean futures end higher with support from crude oil rally; corn also firmer, wheat mixed,
Weekly export inspections for week ended Sept. 29 reported wheat inspections notably above expectations, while corn and beans were as expected. Soybean inspections are currently running 3.2% behind a year ago.
Wheat and soybean futures are mildly firmer with corn under light pressure. Livestock futures are higher on a round of corrective buying.
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Grain, soybean futures firmer overnight on smaller harvests, geopolitical concerns.
Short-term trend turns bearish for soybeans, rice, live cattle and lean hog futures.
Corn and wheat futures traded solidly higher overnight, while soybeans favored the upside in two-sided trade.
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Winter wheat surges near three-month highs after USDA lowers crop; soybeans plunge on unexpectedly high Sept. 1 stocks.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...