Pro Farmer
Corn, soybeans and wheat each favored the upside in overnight trade, but selling pressure toward the break pulled each off overnight highs.
Grain and soybean futures tick higher in overnight bounce. This afternoon’s Federal Reserve decision — and remarks by Chairman Kevin Warsh — are the main event for global markets.
Domestic crush margins and strong Chinese buying continue to absorb expanding U.S. production, offering key support against supply pressure.
Sinking cutout values and cheap chicken competition suggest market has yet to find a solid floor
Soybeans saw corrective strength off key technical support overnight, while corn and wheat favored the downside.
Some South America weather concerns begin to emerge, while U.S. dollar poised to strengthen ahead of this week’s Fed meeting.
USDA’s condition ratings of corn, soybeans, and cotton are final for the year