Agriculture News
Corn and wheat futures mildly favored the upside overnight and are trading near session highs early this morning while soybeans have slipped a little.
The barometer’s rise was primarily attributable to a 9-point rise in the Current Conditions Index amid a rise in commodity prices.
Corn, soybeans and wheat favored the downside overnight as traders closely monitored the fluid tariff/trade situation.
The HRW CCI rating has declined 9.5 points since the end of November, as all states except Montana showed deterioration.
During the week ended Jan. 30, soybean inspections rose 275,000 MT from the previous week, with both corn and soybean inspections ending near the upper-end of pre-report expectations.
Both sides will continue to work on trade and border security.
Corn and wheat are under pressure with soybeans mostly firmer to start the week. Cattle and lean hog futures are lower...
Corn, soybeans and wheat faced pressure overnight as markets reacted to tariffs levied against the leading U.S. trading partners.
The Jan. 1 U.S. cattle inventory was the smallest since 1951.
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Corn and soybeans extended Thursday’s corrective declines overnight, while wheat pulled back from gains earlier in the week.
Cash cattle prices jump to an all-time high for a fourth straight week.
The contracts are slated to start Feb. 24, pending regulatory approval
Soybean sales during the week ended Jan. 23 were down 71% from the previous week, missing analysts’ pre-report range. Corn and wheat sales were as expected
Corn and soybean futures pulled back from Wednesday’s strong gains overnight, while wheat pivoted around unchanged.
Corn basis firmed despite a strong rise in the average cash price.
Corn, soybeans and wheat built on Tuesday’s price gains during the overnight session.
After facing followthrough selling earlier in the overnight session, corn, soybeans and wheat are modestly firmer and trading near session highs this morning.
Weekly wheat inspections during the week ended Jan. 23 rose 223,000 MT, topping pre-report expectations, while soybean inspections missed pre-report expectations, falling 250,000 MT from the previous week. Corn inspections declined 295,000 MT.