News
Corn, soybean and wheat futures are trading near session lows this morning as markets extend Tuesday’s weaker (and low-range) closes.
A slow weakening of the La Nina weather pattern is expected in January, but its influence on South American weather will likely continue without much change into at least mid-January.
Soybean basis slipped again, but remains well above the three-year average.
Corn futures retreat from 6 1/2-month high as profit-taking weighs on grain markets, soybeans and wheat also lower.
Soybeans seen lower after rising to five-month high overnight, corn and wheat also lower.
CDC halves recommended isolation time for people with asymptomatic infections to 5 days
March soybean futures reached the highest level overnight since mid-July, as the strong rally was extended.
Corn jumps to six-month high, soybeans at five-month high as dryness stresses South American crops; wheat ends lower.
wheat inspections mildly increased but remain slow.
Corn, soybean and wheat futures are higher to start the week although spring wheat futures are lower on profit taking. Livestock futures are also higher.