News
Soybeans and wheat saw persistent buying pressure most of the overnight session while corn saw action on either side of unchanged.
The barometer’s rise was primarily attributable to a 9-point rise in the Current Conditions Index amid a rise in commodity prices.
Soybeans and wheat saw profit-taking overnight following yesterday’s impressive gains, while corn traded on either side of unchanged.
Trump’s trade wants from Canada & Mexico include accelerated USMCA renegotiation
Corn, soybeans and wheat favored the downside overnight as traders closely monitored the fluid tariff/trade situation.
The HRW CCI rating has declined 9.5 points since the end of November, as all states except Montana showed deterioration.
During the week ended Jan. 30, soybean inspections rose 275,000 MT from the previous week, with both corn and soybean inspections ending near the upper-end of pre-report expectations.
Both sides will continue to work on trade and border security.
Corn and wheat are under pressure with soybeans mostly firmer to start the week. Cattle and lean hog futures are lower...
Reports of tariffs and retaliatory tariffs against the U.S. spurred a lower open last night across the grain and soy complex.