(NAFB.com) – U.S. corn and soybean futures slipped again this week as traders weighed ample global supplies against sluggish export demand, according to market analysts and federal data. The U.S. Department of Agriculture said recent export inspections for corn and soybeans fell below last year’s pace, adding pressure to prices already near multi-year lows. Analysts at commodity research firm StoneX said large South American harvests and rising global stocks are limiting near-term upside despite seasonal demand. Currency strength in Brazil has encouraged aggressive farmer selling, further swelling global supplies. At the same time, U.S. farmers continue to face elevated input costs, squeezing margins as planting decisions approach. Market analysts said weather risks later in the growing season could still inject volatility, but near-term sentiment remains bearish. USDA will release updated supply and demand estimates next month, which traders say could provide clearer direction for spring markets.
