Chicago Soybean Futures Rose for a Third Consecutive Session on Wednesday
Reuters Poll of Analysts Say the Expectation is for the USDA to Revise Corn Production Higher
According to a Reuters poll of analysts, the expectation is for the USDA to revise corn production higher to 14.33 billion bushels from 14.28 billion bushels reported in October.
Chicago Soybeans Futures Turn Lower on Tuesday as Harvest Reaches Completion
Grains Trading Lower in Overnight Session
The latest Crop Progress report, which was released yesterday afternoon by the USDA, showed that harvest pace was in line with analyst expectations.
Heavy Rains Stalled Harvest in the Midwest; Back on Track This Week
The Grains Were Trading Higher Overnight
Temperatures are expected to continue being cooler than normal throughout the majority of the grain belt in the 6-10 day forecast.
Soybean Market Turns Higher
Corn and Soybeans Down in the Overnight Market
On Wednesday and Thursday the soybean market turned higher after finding trendline support early this week.
US Winter Wheat Planting Nearing Completion
Grains Moved Higher in the Overnight Session
Wheat’s move higher this morning appears to be more short covering action after the grain broke through August lows early on this week.
Rains in the Midwest Slow Corn/Soy Harvest in Next Two Weeks
Corn and Soybeans Trade Higher in the Overnight Session
In the overnight session corn and soybeans traded higher with December corn up 1 cent and January soybeans up ¾ cents.
Harvest Pace In Line with Market Expectations
Grains Mixed in the Overnight Session
Reported This Morning; Newly Harvested Soybeans Have Less Protein
Corn and Soybeans Up This Morning
In the overnight session the grains were mixed with soybeans trading higher.
Corn and Soybean Flash Sales Noted This Morning
Soybeans and Wheat Up in the Overnight Session
Wheat and Soybeans Up in the Overnight Session.
Impressive Weekly Export Sales Numbers for Soybeans
Grains Were Mixed in the Overnight Session
Export sales were strong for both corn and soybeans last week. Soybean sales were up 67 percent from the previous week and significantly outpaced expectations with an increase in sales to China.