News
Quiet trade is expected in the grain and soy markets this morning as traders await USDA’s June crop reports.
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Cash cattle and boxed beef prices surged again.
Choppy to mostly lower price action is expected as traders start to prepare for USDA’s reports on Friday.
Corn, soybeans and wheat posted two-sided trade overnight but are mostly firmer this morning.
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Producer sentiment fell to its weakest reading since July 2022, triggered by crop price weakness.
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Wheat futures are expected to lead gains in the grain markets, though outside markets could restrict buyer interest.