3 Big Things Today, November 7, 2024 [Video]

Grain and soybean futures were higher in overnight trading amid ongoing demand for U.S. agricultural products.

Overseas buyers have committed to purchase 26.3 million metric tons of soybeans since the start of the 2024-2025 marketing year on Sept. 1, up 13% from the same timeframe last year, according to data from the U.S. Department of Agriculture.

Corn sales since the beginning of September are now at 25.8 million tons, up 41% year over year.

Wheat sales since the start of the grain’s marketing year on June 1 now stand at 13.6 million tons, a 19% increase from the same period in 2023, USDA said. 

Exporters sold 124,000 metric tons of corn to an unnamed country for delivery in the 2024-2025 marketing year, the department said in a statement on Tuesday. 

USDA on Monday reported sales of 150,000 tons of corn to Mexico, 120,000 tons of corn to an unknown destination …