Agriculture News
Corn and wheat futures modestly built on Wednesday’s gains during overnight trade, while soybeans rebounded from losses.
Wheat futures firmed, soybeans weakened and corn chopped around unchanged during the overnight session.
Access this week’s newsletter here.
Weekly corn sales during the week ended Nov. 7 totaled 1.32 MMT, down 53% from the previous week, while soybeans declined 24% to 1.56 MMT.
Corn, soybeans and wheat firmed amid light corrective buying during the overnight session.
Only Wisconsin saw an annual increase
Cash wheat prices drop to remain well below year-ago
USDA estimated 43% of the U.S. winter wheat crop was experiencing drought conditions, down 14 points from last week and one point less than last year at this time.
Corn, soybeans and wheat traded on both sides of unchanged in light trade overnight.
Corn, soybean and SRW basis are all slightly better than average.
Wheat futures faced followthrough selling during the overnight session, while corn and soybeans pivoted around unchanged in light, two-sided trade.