Spring wheat futures led gains in the wheat markets overnight as planting progress fell shy of expectations. Soybeans firmed, while corn traded slightly lower overnight.
Beef stocks declined less than normal in April, while frozen pork inventories climbed more than average. Total red meat and poultry stocks rose around 16% from last year.
Wheat futures are higher as corn and soybean futures retreat from overnight gains. Cattle futures are lower as hog futures extend last week’s rebound...
