Pro Farmer
Cash prices remain well above year-ago for corn, far below for soybeans.
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Corn futures led strength today across the grain and soy complex. Cattle futures bounced today, rebounding from recent weakness.
Corn and wheat led strength today while soybeans continue to see relative weakness.
Cattle futures bounced today while hogs pulled back from recent contract highs.
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Corn and soybeans mildly favored the downside in overnight trade while wheat saw relative strength.
Soybean sales continue to decline seasonally, falling short of analysts pre-report range for the week ended Feb. 6. Meanwhile corn and wheat sales each rose from the previous week and four-week average.