Agriculture News
Corn inspections during the week ended Sept. 12 were down 318,180 MT from the previous week, while soybean inspections rose a modest 36,284 MT.
While corn sales proved lackluster, net soybeans sales were notable at 1.47 MMT, though both corn and soybean sales are notably trailing the same period a year-ago.
Wheat futures led followthrough buying in the grain and soy markets during the overnight session.
Corn and soybean basis weakens as harvest starts.
Corn and soybean futures rebounded from Tuesday’s losses, while wheat showed followthrough price strength during the overnight session.
Soybean futures erased Monday’s strong gains during the overnight session, while corn mildly followed to the downside and wheat was choppy.
The increases halted a five-week slide for corn and a four-week decline for soybeans.
Corn, soybean wheat inspections each faded from the previous week, but were within the range of analysts’ pre-report expectations.
Soybeans are sharply higher with buyer interest limited in corn and wheat. Cattle futures are higher and lean hogs are choppy to lower…
Our short-term, intermediate- and long-term trends for commodity and key outside markets.
Soybeans posted corrective gains during overnight trade, while corn and wheat mildly favored the downside.