Agriculture News
Grain and soy futures opened the holiday-shortened week with a firmer tone.
Corn futures rebounded from earlier losses to trade slightly higher early this morning, while soybeans and wheat are under pressure.
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Kansas City Fed Bank Reports Decline in Ag Land Sales Volume
Chicago Fed Bank Reports 1% Yearly Decline
Corn, soybeans and wheat built on Thursday’s gains during the overnight session and are trading near their session highs early this morning.
The spread of highly pathogenic avian influenza has led to significant losses in chicken flocks and caused an egg supply shortage.
Cash prices remain well above year-ago for corn, far below for soybeans.
Soybean sales continue to decline seasonally, falling short of analysts pre-report range for the week ended Feb. 6. Meanwhile corn and wheat sales each rose from the previous week and four-week average.
Grain markets held in tight price ranges overnight, with corn and soybeans trading lower and on session lows early this morning while wheat is firmer.