News
Wheat led strength overnight, soybeans led weakness and corn was caught in the middle.
USDA annual summary shows red-meat production fell 2% last year, with beef production down 4%.
Soybean meal once again an anchor weighing down soybeans
Corn futures continue to push higher and are leading strength, while soybeans followed to the upside overnight.
Stormy, windy in the Midwest, Plains states the next couple days
A Farmer’s Keeper survey of 4,000 farmers shows 20% are cutting corn acres as record fertilizer prices and supply gaps force last-minute shifts toward soybeans and other crops to protect profitability.
Soybeans led strength overnight with corn following to the upside. Both are trading near recent highs
Latest USDA crop progress data shows deteriorating U.S. wheat crop