News
Wheat showed relative strength overnight while soybeans led weakness, leaving corn caught between the two.
Wheat futures led a round of corrective buying in the grain markets during overnight trade.
Central Illinois cash corn price below $4.00 for first time since October 2020.
Cash hog prices gained strength in the seasonal rebound.
Fed fund futures continued to reflect the greatest odds for a Fed rate cut starting in June, with three or perhaps four reductions by year-end.
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Soybeans continue to lead the grain and soy markets, driving prices lower overnight.
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Tuesday’s corrective buying in the grain and soy markets dried up overnight, as corn, soybeans and wheat faced price pressure.
Weekly corn inspections during the week ended Feb. 15 rose a modest 26,000 MT, while soybean and wheat inspections declined on the week.
Corn, soybeans and wheat are favoring the upside to start the week. Cattle futures are choppy with lean hogs pointed higher...
Soybeans continued Friday’s strength overnight, leading corn and wheat to corrective gains as well.
No changes to short-term trends for grain and livestock markets.
Soybeans built on last Friday’s gains during overnight trade, while corn and wheat followed to the upside amid corrective buying.
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Lots of work to do but Congress out, again, on extended break
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