Agriculture News
Big year-over-year changes in U.S. meat exports through the first quarter driven by shifting Chinese demand.
Bears took firm control of price action in the grain and soy markets amid risk aversion overnight as traders returned from the weekend.
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Soybean futures gained more overnight than they lost on Thursday, making new highs for the week. Wheat and corn also firmed.
Corn, soybean and spring wheat drought areas decline
Beef and corn export sales drop
Old-crop corn futures posted new contract highs overnight, while December corn came with 1/2 cent of its high. Wheat was also firmer, while soybean were mixed.
Choice boxed beef prices extended their recent price decline over the past week.
Soybeans and soyoil extended gains overnight, while corn and wheat are trading lower this morning after two-sided overnight trade.