News
Corn, soybeans and wheat saw followthrough buying overnight, though selling pressure increased into the break.
Weekly new-crop soybean sales topped pre-report expectations for the second straight week, while new-crop corn sales landed just above pre-report estimates.
Followthrough buying in corn, soybeans and SRW wheat overnight.
Our Market Watch table features monthly and quarterly price outlooks along with weekly prices for a variety of ag markets.
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.