News
During the week ended Feb. 1, USDA showed net soybean sales of 340,800 MT, short of pre-report estimates, while corn and wheat sales held steady week-over-week.
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Declining prices for key commodities weighed on agricultural producer sentiment in January.
Corn, soybeans and wheat each saw gains overnight with soybeans leading the way higher.
Corn, soybeans and wheat traded in narrow ranges in two-sided price action overnight but have adopted a mostly firmer tone this morning.
Weekly soybean inspections during the week ended Feb. 1, rose more than 500,000 MT from the previous week and above the pre-report range. Meanwhile, corn inspections dropped 300,000 MT on the week.
Corn, soybeans and wheat open the week under pressure. Cattle futures are choppy with lean hogs lower this morning...
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