Agriculture News
Boxed beef prices strengthened over the past week, while the cash cattle price weakened.
The wheat market had the biggest reaction to the data as winter wheat seedings topped expectations, while U.S. and global wheat ending stocks increased from last month.
Increases U.S. corn, soybean and wheat carryout
Corn, soybeans and wheat held in tight trading ranges overnight as traders await USDA’s January crop reports later this morning.
Corn, soybeans and wheat held in relatively tight trading ranges in quiet overnight price action.
USDA’s January crop reports tend to swiftly move markets since there’s so much data.
Wheat futures are trading low range this morning, while corn and soybeans are near midrange.
Aside from wheat, chart trends for grain and soy complex futures remain bullish.
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