News
Corn, soybeans and wheat traded mildly higher in light overnight action as traders awaited USDA’s December crop reports later this morning.
Boxed beef and pork cutout prices continued their recent slide.
Soybean futures extend gains, end at 2 1/2-month high on soymeal rally, strong demand; corn and wheat also higher.
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Soybean futures extend gains on demand optimism, wheat firmer in corrective bounce, corn down slightly.
Soybeans traded higher but within Tuesday’s range, while soymeal futures posted new highs. Wheat futures were supported by mild corrective buying, while corn posted light, two-sided trade overnight.
China continues to pivot on zero-Covid constraints
Soybeans post firm gains on fresh China demand, soymeal rally; corn ends near 3 1/2-month low, wheat lower.
Models suggest ENSO-neutral conditions ahead, Newsome moves to limit refiner profits and boxed beef prices Soften...
Soybean futures higher on demand optimism, corn firmer on corrective buying, wheat mixed.
The Current Conditions Index declined 3 points to a reading of 98, while the Future Expectations Index increased 2 points to a reading of 104.