Agriculture News
The Seasonal Drought Outlook calls for drought to develop or persist over the bulk of HRW wheat areas, while most of the Corn Belt will be drought-free.
Corn, soybeans and wheat recouped some of Wednesday’s losses during the overnight session.
Corn and soybean basis firmed despite higher cash prices.
Policymakers are watching the rollout of Trump’s economic-policy plans and how they might shape the economy.
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.