Pro Farmer
No overnight grain trade. Grain and livestock markets resume trading at 8:30 a.m. CT.
Food prices worrying central banks | Another $2.3 billion in military aid package for Ukraine
Corn and wheat favored the downside overnight while soybeans showed relative strength.
Soybeans firmer, wheat mixed and corn firmer early this morning.
Basis for soybeans rolled to August, while it rolled to September for corn and wheat.
The livestock markets rebounded from Monday’s losses today. Corn and soybeans saw modest gains but closed off session highs. Wheat and cotton continue to face selling pressure.
Corn and soybeans saw modest gains though closed off session highs, while wheat and cotton favored the downside.
Both cattle and lean hog futures rebounded from Monday’s weakness and closed higher on the day.
Proposed rule expected to face opposition from some business and industry associations
Deere lays off another 600 | SAF woes continue | EPA on RFS | Mexico and GMO corn | FMMOs
Soybeans led the way higher overnight with corn following to the upside, while wheat saw relative weakness.
