Agriculture News
Grain and soy futures finished higher and high-range overnight as outside market pressure from Tuesday eased. Cattle and hogs also expected to open higher.
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Grain and soy futures will face heavy pressure this morning. Cattle futures are also expected to trade lower, while hogs may see followthrough strength on the open.
Wheat futures led overnight price declines. Despite the heavy pressure, wheat and corn futures remained within their recent sideways trading ranges, while soybeans stayed within their choppy to higher range.
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March 1 feedlot inventory was the largest ever for the month and 31,000 head more than traders anticipated.
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Grain and soybean futures mildly extended Thursday’s losses in relatively quiet overnight trade.