Friday, February 24, 2017 12:11PM CST
High and growing production levels will likely continue the trend of declining prices. Increased exports might result, but a strong U.S. dollar remains as a headwind there.
Friday, February 24, 2017 8:45AM CST
In its first look at the 2017 major crops, USDA projects corn production to decline 7% and soybean production to decline 3% in 2017. USDA bumped up price estimates for both crops about a dime a bushel.
May corn was fractionally higher, May soybeans were 3 cents higher, and July Kansas City wheat was 2 cents lower.
The cattle complex should open Friday morning moderately higher, supported by residual buying and positive fundamentals. Lean hog futures are likely to start out with mixed prices thanks to spillover selling and short-covering.