News
Soybean inspections were still in the middle of pre-report expectations at more than 2 MMT, while corn and wheat shipments topped expectations.
Focus on CBO scoring and Sen. Manchin re: fate of Build Back Better package
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Grain futures seen slightly lower as dollar strengthens, export sales meet expectations, soybeans firmer.
La Niña strengthens, will persist longer than previously thought
Export sales for all three were within expectations, with corn sales of nearly 1.1 MMT and soybean sales of almost 1.3 MMT.
After the Bell | November 11, 2021 SRW wheat futures post nine-year high as global supplies tighten, soybeans firmer, corn mostly lower.
Two-sided price action was seen in corn and wheat futures overnight, while soybeans were firmer for much of the session, but all three are weaker this morning.
Comments lead to chatter that RFS announcements may be finally coming
Oklahoma saw the most drought improvement, with coverage in the state declining five percentage points over the past week.
Ethanol prices surge above $3, more than double last year’s level.