Futures Recap

No.1 domestic soybeans continued higher, reaching the highest level since May 2024. Corn futures were unchanged on Thursday with the market consolidating. The spot market has still been relatively slow to restart after the holiday, and there hasn’t been much news or market action to push futures higher or lower. Soybean meal is near the top end of its current trading range. The market is speculating about slower customs clearance of imported soybeans, but that has been a relatively common rumor ...

 

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