Pro Farmer
Corn and soybeans extended Thursday’s corrective declines overnight, while wheat pulled back from gains earlier in the week.
The contracts are slated to start Feb. 24, pending regulatory approval
Tariffs | OMB rescinds funding memo | Vought confirmation hearing | Somber ag outlook
Soybean sales during the week ended Jan. 23 were down 71% from the previous week, missing analysts’ pre-report range. Corn and wheat sales were as expected
Corn and soybeans saw profit-taking overnight while wheat traded on either side of unchanged.
Corn and soybean futures pulled back from Wednesday’s strong gains overnight, while wheat pivoted around unchanged.
Corn basis firmed despite a strong rise in the average cash price.
