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Irrigation Grows Texas

Shares of U.S. biofuel companies have slumped.

Agriculture is at the heart of the newly launched HARVEST program, which is replacing the previous IN2 program.

Darren Frye with Water Street Solutions says grains saw technical selling pressure ahead of the WASDE. The agency doesn’t normally make huge changes in the September report and the market may be more worried about demand than supply.

Oil prices have held fairly steady recently, thanks to a generally level supply and demand balance.

Tune in with Oliver Sloup and Marlin Bohling on Markets on the Move! Grain traders gear up for another WASDE report. Oil futures rise along with geopolitical tensions. Is there underpriced risk in that market?

Craig Turner with StoneX says corn and soybeans drifted early Wednesday ahead of the September WASDE as the market tries to determine how much USDA will lower yield.