Pro Farmer
Corn, soybeans and wheat mildly favored the downside during quiet overnight trade.
Corn and soybean basis remains slightly below average.
Cattle futures led strength today while uncertainty was featured across the grain and soy complex.
Corn, soybeans and wheat posted strong gains at some point in today’s session, though each settled well off intraday highs.
Cattle futures surged higher today on reports of stronger cash cattle trade.
Corn, soybeans and wheat are each favoring the upside, though gains have been modest.
Corn and wheat posted modest gains overnight, trading in tight ranges. Soybeans favored the downside, though buying interest in all three increased into the break.
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Grains traded on both sides of unchanged overnight, though a modestly firmer tone has developed in the corn and wheat markets while soybeans have weakened.
Corn and cattle futures showed impressive strength today, leading the ag complex higher.
Cattle futures showed impressive strength today, bolstered by continued strength in the cash cattle market.
Corn futures led strength across the grain and soy complex today.
Other changes were relatively minor.
Soybeans are leading strength ahead of today’s USDA reports.
Soybeans favored the upside while wheat modestly favored the downside in overnight trade, with corn caught in the middle.
Corn, soybeans and wheat held in tight trading ranges during the overnight session as traders await USDA’s December crop reports later this morning.
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