News
Corn, soybean and wheat futures opened firmer overnight, but are weaker and near their session lows this morning.
Soybean futures extended their corrective gains from the two previous days overnight, which helped support corn. Wheat futures held in a tight range in narrowly mixed trade.
Wheat futures up sharply amid fresh demand, tight supplies of milling-quality wheat; corn and soybeans also up.
Legislators work to keep the government open, FAO’s food price index continues to climb and China compels energy purveyors to prioritize shipments to fertilizer producers...
Grain, soybean futures seen firmer on fresh demand, supply concern in wheat.
As of Nov. 30, 52% of U.S. winter wheat area was covered by drought conditions, up from 49% the previous week.
Higher crop prices drive increase in 2021 forecast farm income
Wheat export sales were a marketing-year low. Corn and soybean sales were down sharply from the previous week but each topped 1 MMT.
Grain, soybean futures extended Wednesday’s corrective gains overnight.
U.S. net farm income is forecast to reach $116.8 billion in 2021, up $22.0 billion (23.2%) from 2020 with the 2020 result up $15.7 billion (19.9%) from 2019.