Lack of Bullish USDA Report Surprise Weighs on Market

 
Lack of Bullish USDA Report Surprise Weighs on Market

USDA's January 12 crop reports failed to produce a bullish surprise for the markets. That triggered an active wave of fund-led selling in grain and soy complex futures this week. Corn, soybean and wheat futures dropped to their lowest levels since November and livestock futures also faced more price pressure. We outline what USDA's January report data means to the markets moving forward in this week's Pro Farmer newsletter.

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