Agriculture News
Corn and wheat are under pressure with soybeans mostly firmer to start the week. Cattle and lean hog futures are lower...
Corn and soybean futures pulled back from Wednesday’s strong gains overnight, while wheat pivoted around unchanged.
Corn basis firmed despite a strong rise in the average cash price.
Corn, soybeans and wheat built on Tuesday’s price gains during the overnight session.
After facing followthrough selling earlier in the overnight session, corn, soybeans and wheat are modestly firmer and trading near session highs this morning.
Weekly wheat inspections during the week ended Jan. 23 rose 223,000 MT, topping pre-report expectations, while soybean inspections missed pre-report expectations, falling 250,000 MT from the previous week. Corn inspections declined 295,000 MT.
Corn, soybeans and wheat opened the week under pressure. Livestock futures are higher...
Placements dropped 3.3% from year-ago and fell below the bottom end of pre-report expectations.
Beef stocks rose less than normal, while pork inventories increased more than average.
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