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Soybean futures extend rally to highest levels since June on smaller South America crop outlook; corn and wheat also higher.
![“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.](https://assets.farmjournal.com/dims4/default/5c9a336/2147483647/strip/true/crop/800x600+20+0/resize/500x375!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F2021-02%2FExport-ship-840.jpg)
Soybeans and corn posted fresh contract highs overnight. Wheat futures open the week under light pressure. Livestock futures are higher this morning...
Short-, intermediate and long-term trends are up for corn and soybeans.
If Russia invades Ukraine: U.S., other sanctions could tip countries into recession
Soybean futures posted another round of contract highs overnight, with the front-month contract reaching the highest level since June 2021 on the continuation chart. Corn and wheat followed soybeans higher.
Updates for world food prices & U.S. farm income | Russia/Ukraine, China/Taiwan
Soybean futures hit contract high close for third-straight day, corn at highest level since May, wheat ends week strong.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
USDA’s Cattle Inventory Report at 2 p.m. CT is expected to show the U.S. cattle herd as of Jan. 1 contracted 1.2% from year-ago.
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Mixed outlook on Russia intentions re: Ukraine