News
Frozen pork stocks declined contra-seasonally during February, while beef inventories fell more than average.
Corn inspections during the week ended March 21 totaled 1.228 MMT, down nearly 100,000 MT on the week but more than double the same week a year-ago. Meanwhile, soybean inspections rose 68,000 MT on the week.
Grain futures are mildly firmer to open the week. Cattle futures are under pressure from last Friday’s Cattle on Feed Report.
EU conducting investigations into major tech companies under Digital Markets Act
Corn traded in a tight range overnight while soybeans and wheat favored the upside. Volatility is likely to remain limited in corn until Thursday’s USDA reports.
Corn and soybean futures swung to both sides of unchanged during the overnight session, while wheat favored the upside.
Next up in Congress: Aid for Ukraine & Israel; House farm bill focus in April and/or May