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Soybean futures extended this week’s price gains overnight, while wheat traded lower and corn was mixed.

As a result of tighter global exportable supplies and higher industrial consumption, soybean oil as a percentage of global vegetable oil consumption is forecast to fall below 30% in 2022-23.

Cash corn prices showed little change over the past week; soybean prices weakened.

Cash cattle prices reached an all-time high. Choice beef prices also surged, but are still far from their peak.

After the Bell | April 12, 2023

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Wheat futures are expected to lead price gains amid HRW crop concerns and on support from outside markets.

Corn and wheat futures rebounded from Tuesday’s losses overnight, while soybeans pulled back from yesterday’s gains.