News
New crop corn sales exceeded pre-report expectations by more than 400,000 MT during the week ended Aug. 29, while soybean sales were also notable at 1.66 MMT.
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Soybeans saw relative weakness while corn and wheat mostly traded near unchanged on low volume overnight.
Wheat futures firmed amid followthrough buying overnight, while soybeans pulled back and corn was caught in the middle.
Both crops remain rated well above year-ago and average for the beginning of September.
Weekly soybean inspections rose 77,000 MT from the previous week, just shy of topping the upper-end of analysts’ pre-report expectations.
Corn and soybeans open the week amid mild price strength as wheat futures soften mildly. Cattle futures are choppy with feeders and lean hogs mostly lower…
The sentiment index fell 11.5% from July and 13% from year-ago.
Soybeans saw strength overnight, trading steadily higher. Corn and wheat saw relative weakness though saw an increase in buying interest into the break.
Short-term trend improves for corn, soybeans, soymeal and soyoil.