News
Corn, soybeans and wheat each faced mild price pressure in a relatively quiet overnight session. Trade so far this week has been largely positioning ahead of Thursday’s USDA reports.
Corn traded in a tight range overnight while soybeans and wheat favored the upside. Volatility is likely to remain limited in corn until Thursday’s USDA reports.
Corn and soybean futures swung to both sides of unchanged during the overnight session, while wheat favored the upside.
Next up in Congress: Aid for Ukraine & Israel; House farm bill focus in April and/or May
Annual report from Illinois Society of Professional Farm Managers and Rural Appraisers.
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FY 2024 funding | Border tensions | Paraguayan beef trade | Labeling of cell-cultured meat & poultry products
Corn, soybeans and wheat each favored the downside overnight, though pared losses into the break.
Soybean futures posted sharp losses overnight, while corn and wheat traded mildly lower.