Overnight Market Report- 2/1/21

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Overnight, grain market trade was mixed with corn and meal seeing some buying. Soybeans were mixed (higher at one point) while wheat was mostly lower to kick off the month of February. The trade is watching this morning for more export sales, to China specifically, and South American weather moving forward. We also expect cash cattle and cash hog trade to be higher on Monday with futures trade higher as well. Farm and Ranch Director Jesse Allen has the full overnight market report here:

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