News
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.
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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Corn and soybeans saw corrective buying most of the overnight session, though sellers resurfaced into the break. Wheat futures continue to fall under heavy selling pressure.
Corn and soybeans posted corrective gains overnight, while wheat faced followthrough selling.