Agriculture News
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.
Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China’s purchases totaled 1.12 MMT during the week.
Corn and wheat futures posted mild corrective gains throughout the overnight, while soybeans traded on both sides of unchanged.
New economic projections show a notable shift in tone and outlook to dovish.