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Grain and soybean futures are expected to trade higher amid corrective buying following Monday’s sharp losses.
USDA ups dairy payments | U.S. ag trade officials in Mexico issue warning | Senate 2024 races
Corn, soybean and wheat futures recouped a portion of Monday’s sharp price losses during the overnight session.
USDA’s weekly export inspections data for week ended Jan. 19 showed corn and wheat inspections toward their lower expected ranges, while soybeans landed near top-end expectations of 1.955 MMT.
Grain and soy futures open the week under pressure with fat cattle futures lower and feeders higher on the dip in corn prices. Lean hogs are lower this morning...