Search - Pro Farmer

Corn, soybeans and wheat each favored the downside overnight, with wheat going into the break on session lows. Price action in grains is likely to be largely driven by positioning ahead of Thursday’s USDA reports.

Corn, soybeans and wheat held in tight trading ranges during a quiet two-sided overnight session.

After the Bell | October 10, 2023 Geopolitical unrest and tepid demand continue to hover over grains, while traders begin to anticipate USDA’s October crop data on Thursday.

USDA reported weekly soybean inspections of 1.04 MMT, notably above the pre-report range.

Chinese property developer eyes default potential, Israel strikes continue in Gaza and Schumer’s visit to China yields pragmatic discussion...

China mulls new stimulus, higher deficit | IMF forecasts | Ukraine farmland abandonment

Corn and soybeans favored the downside overnight but saw limited ranges in continuation of Monday’s selling pressure. Wheat saw sharp losses a price broke down technically.