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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
Strength in the dollar triggers pressure in livestock markets, Biden warns Ukrainian counterpart and crop sales by U.S., Brazilian and Argy farmers slow...
Soybeans surge overnight, post contract high second straight day on drought, demand, corn and wheat also higher.
Old-crop soybean futures led price gains across the grain and soy complex and posted new contract highs overnight.