We saw heavy pressure on Thursday in the ag markets, led lower by soybeans. March soybeans fell 30 1/4 cents and March Minneapolis wheat was down 17 1/2 cents, the top percentage losers among Thursday’s grain-related trade. Soybean prices were hurt by reports of rain in Parana, Brazil, and a second consecutive new marketing year low of soybean export sales in Thursday morning’s report. Corn prices are being pressured lower as well by another sharp drop in ethanol prices. Livestock were mixed with feeder cattle higher amid lower grain prices on the day Thursday.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
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