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Corn, soybeans and the winter wheat markets favored the downside during overnight trade.
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Soybean basis firmed despite an increase in cash price.
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Corn and wheat are expected to open higher, soybeans lower.
Corn and wheat futures firmed amid followthrough buying overnight. Soybeans traded higher at points overnight but are weaker early this morning.
Declining income expectations helped to push farmer sentiment down again in September.
East and Gulf Coast dockworkers begin first strike in 47 years
Soybeans and corn expected to open lower, wheat firmer.
Wheat firmer, corn choppy and beans weaker early this morning.
Union head vows to stay on strike ‘as long as necessary’
Offer would boost wages by nearly 50%
The CCI ratings ae 25.3 points (7.4%) above year-ago for corn and 23.4 points (6.9%) higher for soybeans.
Sept. 1 corn, soybean ending stocks lower than expected.
Sept. 1 corn stocks of 1.760 billion bu. were short of analysts’ average pre-report estimate by 84 million bu., while soybean stocks of 342 million bu. were shy 9 million bu. Wheat stocks and production were each slightly above pre-report estimates.
Weekly soybean inspections during the week ended Sept. 26 totaled 675,749 MT, up 177,000 MT from the previous week, while corn and wheat inspections each declined on the week.
Corn and soybean futures are lower with wheat futures higher to start the week. Cattle futures are choppy with lean hogs slightly firmer...