Corn and soybeans slip as traders position ahead of USDA
US corn and soybean futures eased on active Midwestern harvesting and position adjustments ahead of a Friday USDA supply and demand report; wheat also fell on a stronger US dollar.
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Soybeans slip ahead of USDA stocks report as China tariff cuts exclude soy
CBOT soybeans fell 0.02% to $12.97-1/2 a bushel by 0107 GMT, while wheat and corn rose; traders also monitored China’s planned tariff cuts excluding soy and US harvest progress ahead of the quarterly stocks report.
Soybean futures slipped as traders prepped for WASDE report.
Grain futures saw varied price action to cap off the week, with Wheat futures pushing higher while Corn futures ended unchanged and Soybean futures edged lower. Market participants weighed recent demand signals, including USDA flash sales of 238,000 metric tons of soybeans to China and 286,000 metric tons of corn to Me