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Biden laying out red carpet for India | Biden’s trade policy challenge | ‘Cultivated chicken’
Grain and soy futures are expected to open lower, with the heaviest selling likely in the soy complex.
Corn, soybean and wheat futures pulled back from recent strong gains overnight, while soyoil faced heavy followthrough selling after yesterday’s limit-down performance.
cash corn and soybeans prices surged over the past week.
The biomass-based diesel requirements are well below the increase sought by producers, which put heavy pressure on the soyoil market.
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Corn, soybean and wheat futures are expected to open sharply higher on support from plunging crop condition ratings. Soyoil will face heavy pressure from reports of EPA’s biodiesel mandates.