Soybeans favored the downside overnight, while corn and wheat saw lighter price pressure. Each saw buyers come under the market this morning though and rallied into the break.
Chip Flory talks trade policy, government shutdown and ethanol with Iowa Senator Charles Grassley (R) in this excerpt from AgriTalk Radio November 13, 2023.
Corn and soybeans saw modest losses overnight following volatile trade on Thursday following the updated USDA reports, while wheat went into the break on session highs, modestly higher
Corn, soybeans, wheat and cattle each saw extensive selling throughout the session. Cotton rose on corrective buying and hogs continue to show relative strength on strong cash fundamentals.
USDA increased corn yield to 174.9 bu. per acre, bringing production to 15.234 billion bu. Meanwhile, soybean yield was pegged at 49.9 bu., up 0.3 bu. from last month.
Soybeans failed to sustain early strength overnight and favored the downside into the break, while corn and wheat traded lower throughout overnight trade. Beans are likely to be supported by large China purchases.
Soybean futures failed to sustain followthrough buying overnight and have turned mostly weaker this morning. Corn and wheat traded lower throughout overnight trade.
Higher-than-expected corn and soybean yields in some Corn Belt locations, along with a modest rally in corn prices, contributed to this month’s rise in farmer sentiment.
Corn favored the downside overnight, soybeans reversed early losses and went into the break on session highs and wheat favored the downside though is well off session lows.
Soybeans and corn are higher with wheat futures under light pressure. Cattle futures are under pressure with lean hogs off to a positive start to the week...
