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Soybeans posted new highs overnight, with the March contract topping $15.60 amid a continued price surge tied to South American crop losses and speculative buying. Corn and wheat modestly followed 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)
Soybean futures extend rally near $15.00 on shrinking South America crop prospects, corn hits contract high, wheat firmer.
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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