Agriculture News
Soybean and soyoil futures faced active followthrough selling overnight, which pulled the rest of the grain and soy markets lower.
The proposed reductions are due to Covid impacts on fuel demand. EPA proposes returning to statutory mandated levels in 2022.
With no updates to the corn and soybean crop estimates this month, focus will be on changes to demand projections for 2021-22.
Corn, soybean and wheat futures traded both sides of unchanged in narrow overnight ranges.
Soybean inspections slipped modestly from the previous week.
Corn soybean and wheat futures opened firmer overnight but have faded and continue to soften to start the week. Live and feeder cattle futures are mildly lower as lean hog futures fall sharply.
Corn, soybean and wheat futures opened firmer overnight, but are weaker and near their session lows this morning.
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Soybean futures extended their corrective gains from the two previous days overnight, which helped support corn. Wheat futures held in a tight range in narrowly mixed trade.