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Vilsack named USDA secretary

Vilsack named USDA secretary

Tom Vilsack was officially approved as the U.S. Secretary of Agriculture today. 

Soybeans saw continued “sharply higher” movement to lead grains on the day, with corn trading around unchanged and wheat seeing bouts of profit taking and technical buying, Ami Heesch of CHS Hedging said.

Outside of commodities, Wall Street markets were on the defensive today as oil saw strength, Heesch said.

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Weekly USDA winter wheat crop ratings did not drop as much as feared on Monday, and there is also forecast that over the next week U.S. south …

The wheat market traded higher on technical buying and the follow through from yesterday’s firmer close in Chicago, according to CHS Hedging.

The slow harvest in Brazil “coupled with rain in the forecast” is helping U.S. soybean numbers move higher in the overnight trade, CHS Hedging…

The soybean market traded higher on strength in the soy oil and soy meal markets, according to CHS Hedging.

Wheat futures were down overnight, influenced by topping action in row crops and an overnight spike in the dollar, said Matthew Strelow of Tot…

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