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The White House expressed concern over the potential impact of higher shipping costs on the U.S. economy due to the diversion of ships from the Red Sea.
Grain markets had a mixed day with corn and wheat higher while soybeans continued to struggle. Limit up in lean hogs gives us expanded limits tomorrow.
The 2024 Top Producer Summit is Feb. 5 to 7 in Kansas City, Mo.
Funds sell soybeans on better Brazil wx, but how big is the crop? Wheat sees short covering w/a lower $, corn follows. Cattle consolidate on lower beef, hogs bounce off contract lows. Arlan Suderman, StoneX has more.
Cattle consolidating after hitting chart resistance, with lower boxed beef prices. Hogs and corn higher on short covering, while soybeans slide back lower on SA weather. Brad Kooima, Kooima Kooima Varilek, has more.
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