Grains hold steady in the overnight session after the market experienced some selling in the wake of the April WASDE report released out yesterday at 11 AM CST.
The grains were steady and mostly unchanged in the overnight with corn up 1/4 cent, soybeans up 1/2 a cent and wheat down 3/4 of a penny. The dollar is trading higher and crude oil is mostly unchanged this morning. Yesterday the April USDA supply and demand report was released which seemed...
Soybean export sales saw larger than expected net cancellations this week as china switches some old crop sales to new crop.
In the overnight session the grains traded lower with corn down 1 1/2 cents, soybeans down 5 1/2 cents and wheat down 4 cents going into this morning’s pause in trade. Keep a close watch on the WASDE report which will be released at 11 CST.
Analysts are expecting some adjustments in ending stocks in this month’s WASDE report following the quarterly grain stocks report released late last month.
In the overnight session the grains traded slightly higher with corn up 1/2 a cent, wheat up 1 3/4 of a cent and wheat up 1/2 a penny. The market will be receiving the EIA ethanol production numbers today and the monthly WASDE report will be released on April 9th at 11 AM CST.
The grains are mixed this morning with the exception of wheat which continues to move higher on concerns of intensifying drought across the plains.
In the overnight session the grains were mixed. Corn is trading up 1 1/2 cents, soybeans are unchanged and wheat is up 4 1/4 cents this morning on talks of extended Russian export taxes and expanding drought throughout the plains. At 2 PM CST the USDA will issue its first crop progress...