News
Corn and soybean basis drop along with cash prices.
Short-covering gains were featured across the grain and soy complexes despite minimal outside market support.
U.S. inflation falls below 3% for first time since early 2021
Price action was varied overnight as soybeans firmed on corrective buying, wheat continued to face selling pressure and corn traded narrowly near unchanged.
Soybeans posted modest corrective gains overnight, while the corn and wheat markets faced light followthrough selling.
Ag bankers note only slight gain in values from year earlier.
Forecasts of robust supplies weighed on the grain and soybean complexes today despite notably weaker U.S. dollar.
Rising inventories and declining auction values strain dealers, farmers, and manufacturers, leading to layoffs and financial pressures across the industry
Agricultural credit conditions in the Tenth Federal Reserve District tightened further in the second quarter of 2024
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