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Wheat export sales soar

Winter wheat and corn futures are under light pressure this morning, while soybeans are modestly higher.

Corn and wheat basis firmed even as cash prices rose.

Corn, soybeans, SRW wheat fall in profit-taking setback after two days of strong gains; livestock futures rebound.

February beef exports were the second most ever for the month. Pork exports plunged amid sharply reduced shipments to China.

The National Sunflower Association predicts a sharp rise in 2022 acreage, Secretary Vilsack does not expect a major disruption in poultry exports due to bird flu and the Fed will release FOMC minutes this afternoon...

FOMC minutes | Big fertilizer, seed, labor woes in China | FJ surveys chemical retailers

Grain, soybean futures expected lower in profit-taking correction after two days of gains.

CRP enrollment acres down a net 1.4 million acres