News
Grain and soybean futures gapped higher overnight, lean hog futures are posting fresh highs as live and feeder cattle futures soften.
![“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.](https://assets.farmjournal.com/dims4/default/92c7bcd/2147483647/strip/true/crop/840x561+0+19/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F2021-02%2FExport-ship-840.jpg)
Old-crop corn sales topped expectations, while new-crop sales were right in line with what the market expected. Exports of the grain held above 2 MMT.
The May jobs report will share the spotlight with weekly export sales today.
Argentina’s Agroindustrial Council (CAA) issued a statement today saying Argentine meat producers will continue to hold talks with the government with the goal of lifting a one-month suspension on exports of beef.
Grain futures slip on improved rain chances for Midwest.
On the High Plains, temperatures were cool and rain fell, but that did little to change drought conditions in the region.
Yellen holds virtual chat with China’s Liu; Phase 2 talks ahead?
Brazil grapples with water crisis, Global food prices continue to rise and House Ag Committee Chair Scott notes “serious concerns” over Biden tax policy proposals...