News
With all three categories coming in on the bearish side of the average pre-report estimates, the report is price-negative.
Cash corn prices are well above year-ago, but soybeans dropped below last year.
The National Weather Service’s (NWS) 90-day forecast continues to give elevated odds of above-normal temps and below-normal precip across HRW areas of the Southern Plains through April.
Soybeans seen higher as South America weather remains in focus, corn and wheat pull back from gains.
Soybean futures built on Wednesday’s strong gains overnight, while the corn and winter wheat markets faced corrective selling.
Univ. of Arkansas completes analysis of Cattle Price Discovery and Transparency Act of 2021
Corn basis firms, soybean basis slips; both remain above futures.
Corn, wheat futures surge to three-week highs on weather concerns, general commodity strength; soybeans also higher.
Wheat futures seen higher as SRW climbs near three-week high, corn and soybeans also expected stronger.
Soybeans rebounded from Tuesday’s losses overnight, while wheat and corn extended yesterday’s gains.
No Supreme Court decision on Prop 12 petition, wetlands regulation