News
Wheat futures are under pressure with corn and soybeans choppy. Cattle futures are extending last week’s gains with lean hogs choppy to start the week…
Jones Act repeal pushed | Nippon Steel to acquire U.S. Steel | Drought slows Brazilian fertilizer demand | PARP
Corn traded narrowly to the downside overnight, soybeans traded lower early but went into the break nearer session highs, while wheat saw sustained selling pressure.
Short-term trend turns bearish for U.S. dollar index.
Corn modestly favored the downside overnight, while soybeans and wheat failed to sustain early price strength and have weakened this morning.
Odds sinking for farm bill completion in early 2024 | Shipping woes in Red Sea/Suez Canal
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The Biden administration will use the GREET model for determining SAF credits, but will update the methodology by March 1.
Senate stays in session on some progress re: Ukraine aid/border talks
Corn, soybeans and wheat pivoted around unchanged most of the night, though wheat favored the downside into the break.
Corn, soybeans and wheat traded on both sides of unchanged in a quiet overnight session.
USDA finally details PARP payments… and caveats
Corn and wheat gapped higher overnight and showed continued strength, while soybeans traded on both sides of unchanged, though went into the break nearer session highs.
Large purchases from China during week ended Dec. 7 boosted wheat sales to 1.5 MMT during the week, a marketing-year high. China’s purchases totaled 1.12 MMT during the week.
Corn and wheat futures posted mild corrective gains throughout the overnight, while soybeans traded on both sides of unchanged.
