News
Corn and wheat saw corrective buying on Thursday despite losses in the soy complex. Cotton futures slipped after intraday volatility. Cattle futures pulled back from recent gains while hogs saw light buying.
The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.
The RMI below growth neutral for fourth consecutive month.
Restaurant prices expected to increase 4.9%, up from 4.3% in November
Greece to send frigate to Red Sea, Foreign investment in China declines and feedyards pass on steady cash cattle bids...
Wheat futures showed relative strength overnight despite weakness in the soy complex, while corn traded in a tight range.
Pork export sales for 2023 and 2024 were strong and weekly shipments were a high for the year.
Corn, soybeans and wheat traded in narrow ranges during the overnight session.
Basis firmed for soybeans and is now positive.