Soybean futures continued their price surge overnight with front-month futures reaching their highest level on the continuation chart since Sept. 13. Corn and wheat traded in narrow ranges on either side of unchanged.
Evening Report | December 28, 2022
Soybeans close at the highest levels since June 17, led by a rally in soymeal. Strength in the wheat complex allows corn to close at a near 8-week high.
Market Snapshot | December 28, 2022
Soybeans extend the previous session's gains above $15.00, while the wheat complex rallies, leading corn to a 7-week high.
Soybeans built on Tuesday’s gains overnight but failed to get near yesterday’s highs. Corn and wheat futures held in tight trading ranges in thin trade.
Livestock Analysis | December 27, 2022
Hog futures rally to three-month highs on pork strength, supportive USDA data; cattle futures mixed but cash still firm.
Corn export inspections for week ended Dec. 22 were up on the week and short of the high end of expectations, while soybeans landed on the upper end of trade expectations, but trailed the previous week by 210,237 MT.
Livestock Analysis | December 23, 2022
Live cattle futures post lifetime-high close on firm cash outlook; hog futures end lower but still post weekly gain.
Crops Analysis | December 23, 2022
Corn ends at three-week high, soybeans firmer ahead of holiday weekend; wheat higher on concern over extreme Plains cold.