News
Grain and soy futures will face heavy pressure this morning. Cattle futures are also expected to trade lower, while hogs may see followthrough strength on the open.
Will Supreme Court finally accept petition to review Prop 12 ruling?
Wheat futures led overnight price declines. Despite the heavy pressure, wheat and corn futures remained within their recent sideways trading ranges, while soybeans stayed within their choppy to higher range.
Key USDA reports this week: Hogs & Pigs report, Prospective Plantings, Grain Stocks
Wheat futures end week on firm note; corn and soybean futures higher with critical USDA acreage report ahead.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
USDA expects 2022 food prices to increase 4.5% to 5.5%
March 1 feedlot inventory was the largest ever for the month and 31,000 head more than traders anticipated.
Access this week’s Newsletter here.