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Frozen meat stocks data suggests demand didn’t keep pace with supplies during May.
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Corn, soybeans and wheat each favored the downside overnight, with soybeans negating most of Monday’s surge.
Corn, soybeans and wheat traded higher at points overnight but have adopted a mostly weaker tone this morning.
Weekly soybean inspections during the week ended June 20, rose modestly on the week and were near the upper end of the pre-report range, while corn and wheat inspections each declined from the previous week.
Corn, Soybeans and wheat futures open the week under pressure. Livestock futures are mostly lower...
More questions surface re: imports of used cooking oil for U.S. biofuel programs