News
Corn, soybean and wheat futures are higher to start the week although spring wheat futures are lower on profit taking. Livestock futures are also higher.
U.S. Drought Monitor shows 58% of the U.S. winter wheat crop area is covered by drought conditions as of Dec. 21.
Markets will be closed tomorrow, Putin doesn’t mention military designs in public comments and Summers warns of an economic testing period for the U.S.
Beef stocks rose contra-seasonally in November. Pork stocks declined, as is normal, but not nearly as much as the five-year average.
Soybean futures seen weaker after fading from four-month highs, corn and winter wheat also weaker.
Bullish corn, soybean traders in control as dry weather in Brazil continues
Soymeal and soyoil export sales came in above expectations.
Grain and soy futures posted light, two-sided trade overnight in thin pre-holiday price action.
Corn futures pierce $6.00, close at six-month high, soybeans at four-month high on South America dryness, winter wheat also stronger.
Russia cuts gas supply to Europe, Biden confident Manchin will vote in favor of BBB and U.K. GDP forecasts soften...
EPA is currently evaluating the use of dicamba and whether it can be sprayed on GMO cotton and soybean plants with resistance to the chemical.