Page 106 - Demand Estimates News Today

Wednesdays 47 3/4-cent drop in March soybeans inflicted slight technical damage to the chart, but it remains difficult to expect lower soybean prices ahead.

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Corn futures were lower, wheat futures were higher, and soybean futures were little changed on the Chicago Board of Trade.

Corn captures technical bounce.

Despite increased U.S. export forecasts, corn and wheat struggle amid high global supplies.

(Adds details, market reaction)CHICAGO, Feb 9 (Reuters) - Strong export demand will cut into already tight U.S. supplies of corn and soybeans by more than previously forecast, the government said on Tuesday.But the outlook for corn supplies fell short of market expectations, sparking a sell-off in the futures market that hit a fresh 7-1/2-year high ahead of the report's release.

CHICAGO — Strong export demand will cut into already tight U.S. supplies of corn and soybeans by more than previously forecast, the government said on Tuesday.

Soybeans, wheat claw back gains on international demand.

2. Export Inspections of Corn and Wheat Rise in Week Through Feb. 4 Inspections of corn and wheat for overseas delivery rose in the seven days that ended on Feb. 4, according to the U.S. Department of Agriculture. Corn assessments last week totaled 1.58 million metric tons, up from 1.12 million a week earlier, the USDA said in a report. That’s also up from the 788,549 metric tons inspected during the same week in 2020. Examinations of wheat for offshore delivery were reported at 441,076 ...

Strong export demand will cut into already tight U.S. supplies of corn and soybeans by more than previously forecast, the U.S. Agriculture Department (USDA) said on Tuesday.