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Biden admin. set to escalate claim Mexico corn trade policy violates USMCA

Soybeans are expected to modestly favor the upside, while corn and wheat are called lower this morning.

USDA reported 2023-24 soybean sales of 1.407 MMT, topping the pre-report range by over 100,000 MT.

Grain markets traded in relatively narrow ranges overnight as soybeans modestly firmed, while corn and wheat declined.

Average cash hog price falls below $100 for the first time in six weeks.

Corn and soybean basis is stronger than the respective three-year averages.

After the Bell | August 16, 2023

China’s real estate bubble threatens to burst, Russian drone strikes damage Danube silos and the U.S. discusses alternative export routes for Ukraine grain...

Fertilizer prices continue falling | Russian drone strikes damaged grain silos and warehouses at Ukrainian river port

Grain and soy markets are expected to open modestly firmer amid corrective buying.