Agriculture News
Corn and wheat futures mildly extended Monday’s gains during overnight trade, while soybeans failed to find sustained followthrough buying.
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.
HRW crop is now rated above year-ago, while SRW is still below last year at this time.
Weekly corn, soybean and wheat inspections continue to outpace year-ago.
Corn posted mild gains overnight, soybeans faced price pressure for most of the session and wheat pivoted around unchanged.
Wheat futures are pulling corn lower as soybeans firm. Cattle futures are choppy as hog futures firm...