Agriculture News
Selling pressure built in the grain markets overnight, with soybeans leading losses early this morning.
Access this week’s newsletter here.
Soybeans and wheat posted mild gains during the overnight session, while corn held near unchanged.
The Seasonal Drought Outlook calls for broad continuation or expansion of drought for most winter wheat areas.
Soybean sales notably topped pre-report expectations for the week ended Sept. 12, while wheat sales were short of analysts’ pre-report range.
Corn, soybeans and wheat briefly traded higher early in the overnight session but have weakened and are near their lows early this morning.
Corn basis dropped as harvest picked up but soybean basis firmed.
Soybean futures posted double-digit gains overnight, while corn and wheat traded modestly higher.
Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.