Pro Farmer
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
While the S&P 500 hits record highs, a 46% surge in diesel and restricted fertilizer flows through the Strait of Hormuz mean ag input costs might not normalize until at least 2028.