News
Grains saw renewed selling pressure overnight, negating much of Tuesday’s rally in corn and soybeans, though wheat futures pared overnight losses into the break.
During the week ended Jan. 4, weekly wheat inspections topped pre-report estimates by over 140,000 MT, while soybean inspections were just shy of the pre-report range of 700,000 MT to 1.125 MMT.
Short-term trend turns bullish for live cattle and feeders.
Grain and soy futures favored the downside overnight - pressure continues this morning. Cattle futures are choppy with lean hogs mostly lower to start the week...
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Grains favored the downside overnight as soybeans continue to lead the complex lower.
Grain futures posted two-sided trade overnight, though markets are mostly weaker this morning.
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