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Corn and soybeans saw action on both sides of unchanged overnight while wheat futures favored the upside. Each fell from overnight highs following this morning’s non-farm payrolls report released from the BLS.

Corn, soybeans and wheat faced light selling pressure early in the overnight session but have firmed this morning with wheat leading the move higher.

Our updated monthly and quarterly price forecast, including the first outlook for the third quarter.

After the Bell | February 1, 2024

Corteva results | Outlaw on Stabenow’s farm bill plan | U.S. officials warn of growing Chinese cyber threat | FOMC analysis | State ag officials fret over banks’ net-zero commitments

U.S. soybean oil used in bio-fuel production breeches 1 billion pounds, India’s rice rally continues and BOE leaves rates unchanged...

Corn, soybeans and wheat started off the new month with a fresh round of selling in the overnight session.

Weekly soybean sales during the week ended Jan. 25 missed the pre-report range by over 330,000 MT, while soymeal sales exceeded expectations. Corn and wheat sales were within pre-report estimates.

Corn, soybeans and wheat kicked off the new month with a round of fresh selling during the overnight session.