Agriculture News
Corn and soybean futures have firmed after light, two-sided trade overnight while wheat is choppy with an upside bias this morning.
During the week ended Feb. 13, soybean inspections declined 377,000 MT from the previous week, while wheat inspections tumbled 320,000 MT, though weekly corn inspections rose notably to 1.6 MMT, topping analysts’ pre-report range.
Grain and soy futures opened the holiday-shortened week with a firmer tone.
Corn futures rebounded from earlier losses to trade slightly higher early this morning, while soybeans and wheat are under pressure.
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Kansas City Fed Bank Reports Decline in Ag Land Sales Volume
Chicago Fed Bank Reports 1% Yearly Decline
Corn, soybeans and wheat built on Thursday’s gains during the overnight session and are trading near their session highs early this morning.
The spread of highly pathogenic avian influenza has led to significant losses in chicken flocks and caused an egg supply shortage.