Closing Market Report- 2/3/21 Grains Rally to Finish Higher Led by Soybeans

March contracts of corn, soybeans and all three U.S. wheats overcame lower starts and finished higher Wednesday, helped by slow harvest progress in Brazil and unconfirmed talk of more export sales possibly on the way. We also started to get some pre-report expectations out from private firms for next Tuesday’s USDA reports. Livestock meanwhile traded mixed with hogs keeping strength on the day.

Farm and Ranch Director Jesse Allen has the full closing report: