News
Cash corn prices nearing $8; cash soybean prices closing in on $18.
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Grain, soybean futures expected lower as traders await USDA Supply and Demand Report.
Cumulative old- and new-crop corn export sales totaled only 353,900 MT.
Corn and soybean futures pulled back overnight from strong gains earlier this week. Wheat also traded lower.
Corn basis firmed along with a rally in futures. Soybean basis declined as futures rallied.
Soybeans post contract highs, corn near two-week highs on supply concern, demand optimism; wheat firmer.
USDA is expected to fine tune its U.S. and global old- and new-crop balance sheets in Friday’s Supply & Demand Report.
Soybean futures reach contract high overnight, corn and wheat also firmer on Ukraine concenrs.