News
Winter wheat markets traded moderately higher overnight, while corn and spring wheat posted mild gains. Soybeans pivoted around unchanged overnight.
Soybeans led weakness overnight with corn and wheat following to the downside. The key will be if strength returns after the open, which has been the recent norm.
Soybeans faced heavy followthrough selling overnight, while corn and wheat pulled back from Monday’s gains.
CCI ratings are still 29.7 points (8.8%) above year-ago for corn and 26.1 points (7.8%) above for soybeans.
During the week ended Oct. 3, soybean inspections totaled a notable 1.431 MMT, jumping nearly 750,000 MT from the previous week and exceeding pre-report expectations.
Soybeans are lower with corn chopping around unchanged and wheat futures mildly higher. Cattle futures are higher with lean hog futures favoring the downside…
China’s top economic planner will hold a press briefing on Tuesday
Soybeans led the way lower overnight while corn and wheat followed modestly to the downside.
Corn, soybeans and wheat faced followthorugh selling during the overnight session.