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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.
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Soybeans are mildly firmer this morning after light, two-sided trade overnight, while corn and wheat are weaker.