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Soybeans are expected to open with a firmer tone. Corn and wheat are expected to open mixed.
Export sales data for week ended Feb. 2 showed net cotton sales of 262,800 RB, which was up 54% from the previous week and 58% from the prior 4-week average.
Soybeans are firmer this morning on followthrough buying, while corn and wheat are pivoting on either side of unchanged.
Cash soybean meal price tops $500 for the first time since August.
Cash hog prices show signs of a seasonal low.
The data failed to move markets much from where they were trading ahead of USDA’s reports.
USDA reported ending stocks for corn, soybeans and wheat higher than pre-report estimates.