News
We expect followthrough selling from overnight trade to be seen in the grain and soy markets this morning. Key will be whether funds actively liquidate long positions or view the pullback as a fresh buying opportunity.
Grain and soy futures opened the week with solid gains, led by sharp advances in soybeans.
FOMC decision Wednesday | Jobs report Friday | Farm bill hearing in Senate
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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Corn, soybeans and wheat dropped at the end of the overnight session, prompting calls for a weaker start this morning.
Report: House GOP leaders considering short-term extension federal debt ceiling
Corn and soybeans posted two-sided trade in light overnight price action, while wheat faded.
Cash hog prices extend seasonal decline to nearly $7 below year-ago.