Farmers in Brazil are focusing on selling soybeans over corn, leading to a wider price gap. Soybean nominations are increasing in most ports, except Santarem and Itaco. Southern Brazilian production forecasts support soybeans, while wheat prices drop to a two-week low. Grains faced selling pressure, with funds estimated as sellers of wheat, corn, soybeans, soymeal, and soyoil.
Grains lower for the 6th day in a row. Intially, grains were higher despite the phenomenal corn crop ratings, but we gave back all of the gains ending the day lower. Part of this recent rally was due to the idea of us being too wet which brought uncertainty. That uncertainty is…
Funds were estimated sellers of 5500 #wheat, 1500 #corn, 4000 #soybeans, 2500 #soymeal, & 2000 #soyoil in today’s trade. 🌽🌱🌾
AFTERNOON MARKET RECAP: Planting pressure keeps grains in the red. Corn, soybeans and wheat all faced mild to moderate cuts on Tuesday. Today's commentary: https://t.co/tUKDhiG4S2 ✅ Sign up for daily market newsletters from the Farm Futures team: https://t.co/v7zRZXCmIi https://t.co/5rUvcHYci7
MORNING MARKET REVIEW: Updated Southern Brazilian production forecasts prop up soybeans, while wheat falls to two-week low. Today's commentary: https://t.co/x1O00781Ug ✅ Sign up for daily market newsletters from the Farm Futures team: https://t.co/kzR9IrUOlP https://t.co/A2G1RLY1bH
Very low soybean and corn farmer selling yesterday. The indications got very wide. In general, farmers in Brazil keep trying to sell beans instead of corn. The ratio in Mato Grosso climbed further. Soybean nominations keep growing in most ports, except Santarem and Itaco, where… https://t.co/4pu8jghflj