News
Soybean export inspections were down nearly 360,000 MT from the previous week, but were near the top-end range of pre-report estimates. Soybean inspections are running currently running 1.6% ahead of a year ago.
Soybeans open the week with a firmer tone with corn steady and wheat under light pressure. Live cattle and lean hog futures are higher this morning...
Corn and wheat are expected to open under mild pressure, while soybeans are likely to be mostly weaker this morning.
Top Republicans are mulling budget cuts to all but Medicare and Social Security
Soybeans are firmer this morning, while corn and wheat are weaker following two-sided trade overnight.
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Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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The firmer tone from overnight is expected to carry over to daytime trade.
Corn and wheat futures posted corrective gains overnight, while soybeans also traded higher despite weakness in soymeal.
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Soybeans are expected to open with a firmer tone. Corn and wheat are expected to open mixed.
Export sales data for week ended Feb. 2 showed net cotton sales of 262,800 RB, which was up 54% from the previous week and 58% from the prior 4-week average.