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The Biden Administration doubts claims of Russian pullback, Secretary Vilsack wants the DOJ to investigate inputs prices and production strains continue to dog food makers...
Vilsack wants DOJ to investigate input prices | Some signs of relief re: supply chain backlogs
Buyer interest built throughout the overnight session in the soybean and soymeal markets and futures are trading near session highs this morning.
Soybean basis slipped a little over the past week, as farmer selling likely picked up, but remains stronger than average.
Soybean futures surge over 30 cents on exports, reduced South American crops; corn firm, hog futures at six-month high.
Soybean futures seen higher on exports, South American crop shortfall; corn slightly firmer, wheat mixed.
USTR makes WTO appeal regarding China, a Senate subcommittee will hold a hearing on the RFS and Russia continues war games but sends some troops back to base...
Russia/Ukraine: Read whatever you want from developments as outcome remains murky
Soybeans regained most of Tuesday’s losses overnight, while corn and wheat recouped only a fraction of their declines.