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While shipment tallies improved notably as more export facilities reopened at the Gulf, the amount of beans inspected for export was still well under year-ago. USDA also made significant revisions to last week’s data.
Soybean futures are under pressure after trading below the Ju ne low overnight. Wheat futures are mixed and corn futures are under pressure. Cattle futures are higher and lean hogs are facing some profit taking.
Ahead of the Open | October 4, 2021 Soybeans seen weaker after dropping to six-month low overnight, corn lower, wheat mixed.
Evergrande’s shares suspended pending ‘major transaction’
Soybeans drop to a six-month low. Dry weather holding back winter wheat planting in Russia. Canadian canola exports down sharply from year-ago. Biden administration to lay out China trade policy.
After the Bell | October 1, 2021 Soybean futures close at six-month low amid harvest pressure, bearish USDA stocks; winter wheat near seven-week high.
USTR Tai to reveal U.S./China trade policy ideas in Monday speech
Davis Michaelsen and Editor Brian Grete discuss USDA’s reports and this week’s market action...
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Cash soybean prices continue to fall as harvest accelerates.