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Corn futures are under pressure with soybean and wheat futures mixed. Cattle futures opened lower with lean hogs mildly higher...
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Grain and soy futures posted two-sided trade overnight, suggesting a rather directionless start to the daytime session.
Short-term trends turn sideways for corn, soybeans and soymeal.
Wheat futures posted mild corrective overnight, while soybeans traded mixed and corn faced followthrough selling.
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Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
At least two vessels carrying a combined 79,150 MT of Brazilian soybeans are heading to the U.S. soon, according to shipping data.
The report data is mildly negative compared with pre-report expectations, especially placements. But the report is not bearish.
After the Bell | April 21, 2023