News
Grain and soy futures traded lower overnight on global economic concerns although soybeans recovered slightly on the open. Cattle futures are mildly higher with lean hogs under pressure to start the week.
House Ag panel Republicans want some answers on alleged Biden/USDA overreach using executive actions
No changes to short-, intermediate or long-term trends this week.
Outside markets and global economic concerns weighed on grain and soy markets overnight.
Friday brings key economic and ag sector reports
Corn, soybean futures plunge to two-week lows on surging dollar, escalating recession concerns; wheat also down sharply.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
Both placements and marketings were near the top end of pre-report estimates.
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All food prices up most since 1979