Agriculture News
Basis firmed for soybeans and is now positive.
Corn, soybean and wheat futures traded narrowly on either side of unchanged during quiet overnight price action.
Soybeans erased Monday’s gains during overnight trade, while corn and the winter wheat markets faced mild followthrough selling.
Wheat inspections were near the middle of the expected range.
Short-term trend turns bearish for U.S. dollar index.
Corn modestly favored the downside overnight, while soybeans and wheat failed to sustain early price strength and have weakened this morning.
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The Biden administration will use the GREET model for determining SAF credits, but will update the methodology by March 1.
Corn, soybeans and wheat traded on both sides of unchanged in a quiet overnight session.