Soybean Futures Extend Rally

grain calls
grain calls
(Commodity Update)

Corn: 3 to 5 cents lower.

Soybeans: 1 to 4 cents higher.

Wheat: 1 to 3 cents lower.

Cattle: Steady-firmer

Hogs: Steady-weaker

Soybean futures reached a 2 1/2-month high overnight as the market extended Monday’s rally triggered by USDA’s smaller-than-expected crop estimate. Corn and wheat futures weakened overnight. Malaysian palm oil futures rose nearly 6% behind demand from India, while front-month crude oil futures are down around 50 cents. U.S. stock index futures signal a lower open and the U.S. dollar index is up around 1,000 points.

 

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Today's Market Recap (1.20.23)
Today's Market Recap (1.20.23)

Market recaps for corn, soybeans, wheat, cattle & hogs.

Improving Argentine Weather Forecasts Weigh on Grain, Soy
Improving Argentine Weather Forecasts Weigh on Grain, Soy

Forecasts of improving weather in Argentina over the next two weeks weighed on the grain and soy complex.

Corn, Soybeans & Wheat Prices Fall; Cattle Mixed
Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

Morning Calls & Comments (1.13.23)
Morning Calls & Comments (1.13.23)

Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.