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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.

Market Snapshot

Weekly soybean inspections during the week ended Sept. 26 totaled 675,749 MT, up 177,000 MT from the previous week, while corn and wheat inspections each declined on the week.

Corn and soybean futures are lower with wheat futures higher to start the week. Cattle futures are choppy with lean hogs slightly firmer...

Corn and soybeans are expected to open weaker, with wheat likely to see a firmer tone.

Short-term trend turns bullish for corn and the soy complex.

China takes additional stimulus steps; Chinese stocks see best day since 2008

Wheat futures rebounded from Friday’s losses during the overnight session, while corn and soybeans pulled back from their gains at the end of last week.

After the Weekend Update: Sept. 29, 2024

Congress out until mid-Nov. | Strike update | Financial/disaster aid | VP debate | Dairy summit