News
Corn and soybeans are off to a tepid start with wheat futures under pressure. Cattle futures are choppy with hog futures mildly higher to start the week...
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U.S. equities sharply lower on hot inflation news
Wheat sales for week ended Feb. 16 were 338,800 MT, a 62% increase from the previous week nearly 40% above the 4-week average. Corn sales were 30% below the 4-week average, with soybeans nearly 20% below.
Grain and soy futures are expected to open lower on followthrough selling and pressure from the U.S. dollar.
Soybeans firmed on light corrective buying overnight, while the corn and wheat markets faced pressure.
USDA again lowers FY 2023 ag export forecast
Yellen wary of China’s support for Russia, Eurozone inflation eases and China will exert more government control over finances...
Light, two-sided trade is expected in the grain and soy markets this morning.