News
Corn, soybean and wheat futures showed price strength overnight and are trading near their session highs early this morning.
Cash hog prices continue slow, methodical seasonal climb.
Corn basis improved along with a big jump in the cash price.
Beef stocks declined more than average, while pork inventories climbed more than normal during April.
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Wheat futures are expected to open lower after price pressure overnight. Corn is called steady/firmer, while soybeans are likely to be mixed.
Soybeans faced followthrough selling during overnight trade, while corn and wheat pulled back from Tuesday’s gains.
Colorado River basin states reach agreement on water cutbacks