News
USDA’s quarterly grain stocks data showed YOY increases for corn, soybeans and wheat. Corn stocks were pegged at 1.376 billion bu., below the average trade estimate of 1.512 bb, with soybeans 32 million bu. higher.
Sharp drop in cash corn and soybean prices over the past week.
‘Where’s Jackie?’ is not what the White House wanted as key takeaway from Wednesday White House confab
Sharp fluctuations in some of the world’s major currencies are injecting new uncertainty into the global economic outlook.
Despite rains on parts of the Plains, the drought footprint expanded across HRW wheat regions and now covers 64% of U.S. winter wheat area.
Weekly export sales data for week ended Sept. 22 revealed a sizable figure for soybeans at 1,003,000 MT, while corn and wheat each landed within the range of expectations.
Overnight trade was light and two-sided, though buyer interest is building with grain and soy markets trading near session highs this morning.
The national average corn basis turned negative for the first time since mid-April.
Grain, soybean futures end firm with boost from strength in crude oil, pullback in U.S. dollar; hogs extend plunge to nine-month low.
Russia suspected of pipeline sabotage | Putin again comments on Ukraine grain export deal
European Central Bank works to stabilize economy, the yuan falls to long-time low and Argentine soybean sales falter...