Markets were relatively quiet starting the week before the Chinese New Year holiday. Unusually, No.1 domestic soybeans rallied sharply in the overnight session on high volume after a relatively quiet day session. The May contract traded to new contract highs, and the volume in the 2-hour evening session was higher than during the entire day session.
The selloff in the front-end of hog futures continues. Most trading has rolled to the May contract, which was down slightly. However, the March cont...