Pro Farmer
Corn and wheat futures firmed amid followthrough buying overnight. Soybeans traded higher at points overnight but are weaker early this morning.
Wheat firmer, corn choppy and beans weaker early this morning.
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The CCI ratings ae 25.3 points (7.4%) above year-ago for corn and 23.4 points (6.9%) higher for soybeans.
Sept. 1 corn, soybean ending stocks lower than expected.
Sept. 1 corn stocks of 1.760 billion bu. were short of analysts’ average pre-report estimate by 84 million bu., while soybean stocks of 342 million bu. were shy 9 million bu. Wheat stocks and production were each slightly above pre-report estimates.