Corn rebounded from early losses to finish higher this week on support from export demand. In addition to strong weekly export sales, Asian buyers stepped up purchases. However, price strength was limited by big South American crop potential, which traders fear will eventually curb demand for U.S. corn. Soybeans were pressured by the record South American crop, which spurred more fund liquidation. Still, funds remain net long soybeans. Winter wheat futures finished slightly lower for the week, while spring wheat futures firmed. Traders showed little concern with heat and dryness across the Southern Plains and the cold snap in soft red winter wheat areas.
Pro Farmer Editor Brian Grete highlights this week's Pro Farmer newsletter below:
Cattle futures rallied sharply amid continued strength in the cash cattle market. But nearby live cattle remain well below the cash market. Lean hog futures posted weekly gains, though they were pared by late-week profit-taking.
We take a detailed look at the PF/Doane planting survey results -- and much more -- in this week's Pro Farmer newsletter.
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