Soybeans are firmer with corn and wheat under pressure to start the week. Cattle futures open the week under pressure with lean hogs also lower...
Corn, soybeans and wheat traded lower overnight, with nearby corn and soybeans falling to new contract lows.
Placements declined from year-ago levels for a third straight month – a trend that will continue.
Corn, soybeans and wheat firmed amid corrective buying during the overnight session.
Wheat futures led a round of corrective buying in the grain markets during overnight trade.
Cash hog prices gained strength in the seasonal rebound.
Fed fund futures continued to reflect the greatest odds for a Fed rate cut starting in June, with three or perhaps four reductions by year-end.
Tuesday’s corrective buying in the grain and soy markets dried up overnight, as corn, soybeans and wheat faced price pressure.
Corn, soybeans and wheat are favoring the upside to start the week. Cattle futures are choppy with lean hogs pointed higher...
Soybeans built on last Friday’s gains during overnight trade, while corn and wheat followed to the upside amid corrective buying.

Brian Grete