News
Corn, soybeans and wheat traded on both sides of unchanged overnight in relatively quiet price action.
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Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
The data is mildly friendly compared to pre-report expectations, with all three categories on the bullish side of the average trade estimates.
Beef stocks declined contra-seasonally in January, implying demand was strong, especially since beef production rose in December.
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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.