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Corn, soybeans and wheat each favored the upside overnight, though corn and soy went into the break well off session highs.
Weekly wheat sales were reported at (109,600) MT for the week ended March 14, which were down noticeably from the previous week. Corn and soybean sales were as expected.
Soybeans posted followthrough buying to Wednesday’s strong gains during overnight trade, while corn and wheat mildly favored the upside.
Cash cattle prices nearing their record high posted in summer 2023.
Most Fed officials expect three rate cuts this year, but fewer committee members anticipate more than three reductions.
May be around Memorial Day before details released on House farm bill
Congressional leaders announce funding deal, the People’s Bank of China kept benchmark lending rates unchanged and economists scramble to decipher dot plot from Fed...
Soybeans led the way higher, wheat saw weakness and corn was caught in the middle overnight. Each traded contrary to yesterday’s price action.