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Soybean futures built on Wednesday’s strong gains overnight, while the corn and winter wheat markets faced corrective selling.
Univ. of Arkansas completes analysis of Cattle Price Discovery and Transparency Act of 2021
Corn basis firms, soybean basis slips; both remain above futures.
Corn, wheat futures surge to three-week highs on weather concerns, general commodity strength; soybeans also higher.
Wheat futures seen higher as SRW climbs near three-week high, corn and soybeans also expected stronger.
Soybeans rebounded from Tuesday’s losses overnight, while wheat and corn extended yesterday’s gains.