News
Corn sales during the week ended Oct 10, rose 82% from the previous week and noticeably from the four-week average. Soybean sales were also notable at 1.70 MMT, rising 35% on the week.
Notable weekly declines in cash prices for corn, soybeans and wheat.
Soybeans led corn higher in corrective strength, while wheat continued to undergo selling pressure in the overnight session. Bulls will seek to build on strength following strong daily sales.
Fox News to interview Harris today | Study warns of major risks to U.S. farmers from potential U.S./China trade war
Corn, soybean and spring wheat futures posted mild corrective gains overnight, while the winter wheat markets faced light followthrough selling.
Corn inspections during the week ended Oct. 10 totaled 430,323 MT, down 518,000 MT from the previous week and well below the pre-report range.
Soybeans continue to lead weakness, though corn, soybeans and wheat each saw followthrough selling pressure overnight.
RFK Jr.’s USDA comments | Harris interview on Fox News | Ag aid | Trump wants to redo USMCA | USTR Tai interviewed