The trade remains focused on the March 31 USDA Planting Intentions Report.
With the current negative market tone, sellers need to practice patience.
The U.S. stock market moves higher while grain prices remain low.
This soybean stocks estimate may not provide much new info despite recent growth in marketing year ending stocks and concerns about the size of the SAM crop.
Wheat futures closed lower on Monday as dollar decline stalls.
According to market analyst Rich Nelson, the current rally in the cattle markets is a gift horse for those who still need to hedge cattle for the remainder of the year.
New figures suggest the cattle herd is continuing to grow. A growing herd means continued and stronger demand for corn.
The pork industry outlook has experienced a major shift to the upside.
For 2017, we are not going to get the same drop in production we’ve seen in recent years. It will fall, but nothing like normal.
The latest comprehensive cattle report from the USDA leaves little doubt that the industry is still in expansion mode, at least for now.