News
Corn, soybean and wheat futures rebounded from last week’s losses in overnight.
Reports include WASDE, Brazil and China ests., FAO food prices, FOMC minutes
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
Soybeans, wheat and hogs all posted poor technical performances this week.
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Russia/Ukraine talks to continue today, soybean crush is expected to fall and HPAI cases approach 100...
Wheat futures traded sharply higher overnight, while soybeans were slightly lower and corn was mixed. Similar trade is expected on the open this morning. Cattle and hogs are called weaker amid followthrough selling.
Wheat futures are trading sharply higher this morning, while soybeans and the soy product markets are lower on followthorugh selling. Corn is caught in the middle.
USDA unexpectedly estimates farmers intend to plant more acres to soybeans than corn in 2022. March 1 stocks were slightly lower than expected, while soybean stocks came in higher than anticipated.
Soybeans and cotton above expectations
USDA will release its Prospective Plantings and Grain Stocks Reports today, Biden Admin may remove restrictions on E15 and China’s PMI fell below growth-neutral in March...
Quiet trade expected ahead of USDA’s reports at 11 a.m. CT. Hog futures will be supported by Wednesday’s bullish Hogs & Pigs Report.
OPEC Sticks to Production Plan Despite Elevated Oil Prices | Biden to Again Tap SPR
SRW areas show the largest improvement
Soybean and pork export sales increase
Corn, soybean and wheat futures held in narrow ranges in quiet, two-sided trade overnight ahead of USDA’s reports later this morning.
Sharp weekly drop in cash corn, soybean and wheat prices.