News
SRW wheat futures extend rally to nine-year highs on tighter global supply outlook, corn and soybeans also higher.
SRW wheat futures trade near nine-year highs to start week, corn, soybeans slightly lower.
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Soybeans are mildly higher with corn futures lower and wheat futures mixed to start the week. Livestock futures are under slight pressure.
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Recent price strength has also turn the short-term trend up for soybean meal and intermediate trend sideways.
The strength in soymeal failed to trigger overnight buying in soybean or corn futures.
Focus on CBO scoring and Sen. Manchin re: fate of Build Back Better package
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Grain futures seen slightly lower as dollar strengthens, export sales meet expectations, soybeans firmer.