Senior News Analyst
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Latest From Gary Howard
May soybean futures were a penny higher in the overnight session at USD10.23½ per bushel.
Wheat futures were higher this morning with some contracts up around a nickel.
Corn futures inched lower in the overnight session with May futures down ¼¢ at USD3.74¾.
Russia exported agricultural products with a value of USD20.7 billion in 2017, a 21.1% increase on 2016’s figure, according to Russia’s Federal Customs Service.
Falling corn plantings over the past two years in China are expected to be reversed this season as farmers seek profits from higher corn prices despite China’s policy moves to cut its corn stockpiles.
Corn futures extended losses from last week in the overnight session, with the May contract down 4¼¢ to USD3.78½ per bushel.