Agriculture News
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Corn and soybeans post more modest gains
Net soybean sales during the week ended March 13 totaled 352,600 MT, down 53% from the previous week and 29% from the four-week average, missing analysts’ pre-report expectations. Wheat sales marked net reductions, while corn sales were as expected.
Weekly wheat inspections during the week ended March 13, roes 251,000 MT from the previous week, exceeding expectations. Corn and soybean inspections were each lower on the week.
Wheat futures are leading corn higher with soybeans under light pressure. Livestock futures are solidly higher to start the week...
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Wheat and soybean sales during the week ended March 6 were each above analysts pre-report range. Corn sales rose on the week, while exports reached a marketing-year high.
Corn and soybean ending stocks were unchanged from February, while wheat ending stocks increased more than expected.
Weekly corn inspection for the week ended March 6 rose 467,000 MT from the previous week, exceeding analysts’ pre-report range.
Wheat futures are sharply higher with corn following to the upside and beans under light pressure. Cattle futures are mixed with lean hogs working higher to start the week...