Search - Pro Farmer

Soybeans led the grain and soy markets lower overnight as May soybeans trade fresh contract lows. Export sales rebounded for corn and wheat but remain abysmal for soybeans, according to this morning’s report.

Weekly cotton sales during the week ended Feb. 22 were down 69% from the previous week and 83% from the four-week average. Meanwhile, corn, soybean and wheat sales each rose week-over-week.

Corn and soybeans favored the downside and are near session lows this morning, while wheat is mostly weaker.

Cash corn and soybean prices continue to drop.

Basis firms for both corn and soybeans but remains slightly below average.

After the Bell | February 28, 2024

Biden administration SAF details coming by March 1

FY 2024 funding update | Biden protest vote in Michigan | Beyond Meat | Higher swine line speeds until 2025

Corn futures showed relative strength overnight, soybeans pivoted near unchanged and wheat gave up a significant portion of Tuesday’s gains.