Both events triggered significant market moves.
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The proposed biomass-based biodiesel mandates fueled a surge in soyoil futures.
Cash grain prices remain mostly well under last year’s levels.
Markets remain focused on trade and policy events.
USDA made minor adjustments to their crop balance sheets today.
Cattle and hogs both saw consolidation following recent contract highs.
USDA kept its winter wheat crop estimate unchanged and made only modest balance sheet changes aside from cotton.

Pro Farmer Editors