Grain and soy futures are expected to open lower on followthrough selling and pressure from the U.S. dollar.
Soybeans firmed on light corrective buying overnight, while the corn and wheat markets faced pressure.
Light, two-sided trade is expected in the grain and soy markets this morning.
At the annual Ag Outlook Forum, USDA issued its first projections for the 2023-24 marketing year, based on the January WASDE Report.
Corn, soybeans and wheat traded on both sides of unchanged while holding in narrow ranges overnight.
Choice boxed beef prices continue to surge.
Grain and soy futures are expected to open with a weaker tone after price pressure overnight.
Corn and soybean futures pulled back from Tuesday’s gains during overnight trade, while the wheat market extended yesterday’s losses.
Soybeans are sharply higher with corn and wheat posting mild gains. Fat cattle futures are moderately higher with lean hog futures sharply firmer to start the week...
Soybeans and soymeal will start daytime trade sharply higher on support from Argentine crop concerns.

Brian Grete