Domestic crush margins and strong Chinese buying continue to absorb expanding U.S. production, offering key support against supply pressure.
Corn, soybeans and wheat each favored the upside in overnight trade, but selling pressure toward the break pulled each off overnight highs.
Grain and soybean futures tick higher in overnight bounce. This afternoon’s Federal Reserve decision — and remarks by Chairman Kevin Warsh — are the main event for global markets.
Sinking cutout values and cheap chicken competition suggest market has yet to find a solid floor