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Grain and soybean futures pulled back from Monday’s gains in corrective trade overnight on profit-taking and pressure from outside markets.
Soybeans rallied sharply overnight, scoring new contract highs, amid South American weather concerns. Corn and wheat followed soybeans higher.
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Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
Soybean futures end week at highest since June as market awaits USDA Supply and Demand update; corn, wheat down for week.
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Soybean futures firm overnight, heading for strong weekly gain on shrinking S. America outlook; wheat firmer, corn mixed.
There was broad, though relatively mild, price strength overnight across grain and soy futures amid support from outside markets.
Corn futures drop near two-week low on corrective pressure, soybeans decline for first day in past eight, wheat lower.
Our updated monthly and quarterly price forecasts, including the first projections for the third quarter.
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