PRO FARMER
Corn and soybeans are posting mild weakness with wheat futures moderately lower. Livestock futures are narrowly mixed but generally higher to start the week...
Josh Linville, Director of Fertilizer at StoneX surveys the current situation and looks out to the coming months
Grain and livestock markets are lower to start the week with a sharp falloff in feeder cattle futures leading the
Soybeans are sharply higher with milder gains in corn and wheat. Cattle futures are sharply higher to open the week and lean hogs are mildly favoring the upside...
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Weekly corn inspections during the week ended May 16 rose more than 200,000 MT from the previous week, while wheat and soybean inspections each fell notably on the week, missing pre-report estimates.
Corn and wheat faced selling pressure overnight while soybeans continued to show relative strength.
Corn and soybeans underwent heavy selling pressure throughout the session, despite corrective buying in the wheat and cotton markets. Livestock fell under pressure as well, as cattle saw selling and hogs continue to fall
Iowa has entered the legal fray by challenging a recently enacted Massachusetts law that prohibits the sale of pork not meeting specific hog-confinement standards, according to the Iowa Capital Dispatch.
Corn and soybeans saw fresh selling overnight, while wheat saw limited corrective buying, though went into the break off session highs.