News
Grain and soy markets faced price pressure overnight and are trading near session lows this morning.
Wheat basis continues to rebound, but remains much weaker than normal.
Nearby soybeans surge to highest close since September 2012 on firm demand; new-crop corn posts contract high, wheat tumbles.
Cattle on Feed Report expected to show record March 1 inventory
Biden heads to Europe, may offer U.S. wheat donation to Ukraine
Ahead of the Open | March 23, 2022 Grain, soybean futures firmer overnight amid ongoing concern over Russia-Ukraine disruptions.
Corn, soybean and wheat futures held within Tuesday’s price ranges overnight in relatively quiet trade that has markets trading higher and near session highs this morning.
USDA’s Cattle on Feed Report Friday afternoon is expected to show March 1 inventories up 1.1% from year-ago levels, which if realized would top last year’s record for the date by 132,000 head.
Wheat futures end higher but trim overnight rally as U.S. Plains receives moisture relief; soybeans lifted by export business.