Trade officials unimpressed with Mexico's approach to biotech, McCarthy releases House panel roster and Cordonnier stands pat on Argy crop estimates...
USDA's weekly export inspections data for week ended Jan. 19 showed corn and wheat inspections toward their lower expected ranges, while soybeans landed near top-end expectations of 1.955 MMT.
Grain and soy futures open the week under pressure with fat cattle futures lower and feeders higher on the dip in corn prices. Lean hogs are lower this morning...
Grain and soybean futures are expected to open with a mostly weaker tone this morning, though supportive export demand data could trigger buyer interest.
Corn and winter wheat futures extended losses from the two previous days overnight, while soybeans turned mixed this morning after facing pressure earlier in the session.
The National Weather Service (NWS) 90-day forecast continues to call for increased chances of below-normal precip across most of the Central and Southern during the February through April period.
Corn, soybean and wheat futures showed mild followthrough selling during most of the overnight session, but price action has turned narrowly mixed early this morning.
