Agriculture News
Corn, soybeans and wheat were pressured overnight by a stronger U.S. dollar and a lack of supportive news.
Corn and wheat futures mildly extended Monday’s gains during overnight trade, while soybeans failed to find sustained followthrough buying.
HRW improvement was driven by gains in Kansas, Oklahoma and Texas.
Weekly wheat inspections during the week ended Nov. 14 declined 157,000 MT from the previous week and missed analysts’ pre-report range by more than 100,000 MT. Corn and soybean inspections were within expectations.
Corn and soybean futures are under pressure as wheat futures firm. Catt;e futures are mixed with lean hogs higher...
Wheat futures firmed, soybeans weakened and corn chopped around unchanged during the overnight session.
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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.