Agriculture News
Corn sales rose 63% from the previous week and 4% from the four-week average, while soybean sales were also notable at 2.3 MMT.
Soybeans and wheat are firmer this morning, while corn is trading near its overnight highs.
Soybean basis firmed but remained slighlty below average.
The jump in the Purdue University/CME Group Ag Economy Barometer was driven by the Future Expectations Index, which increased 37 points to 161, the highest reading since April 2021.
Corn, soybeans and wheat firmed amid corrective buying during the overnight session.
Corn inspections during the week ended Nov. 28 led the decline, though were within trade expectations, along with soybean and wheat inspections.
Grains open the week under pressure, while livestock markets are firmer.
Short-term trend turns bullish for live cattle futures.
Corn, soybeans and wheat mildly favored the downside during a relatively quiet overnight session to open the week.