🌽 Grain Markets
Overnight Action
Wheat, corn, and soybeans all strong overnight
Soybean oil sharply higher on hopes of updated EPA RVO mandates
Anticipation building around biodiesel-friendly policies
🛢 Soy Complex
Soybean Oil
Strong on potential EPA renewable fuel mandates
March contract up $1.32 at 59.08
Supporting overall soybean market
Soybean Meal
Down $2.30/ton
Weakness in meal limited soybean gains
Soybeans
March: down ½ cent at $11.33½
May: unchanged at $11.48¾
November: down 1 cent at $11.16½
Current insurance price average near $11.00
Stronger than last year so far
🌾 Wheat Market – Holding Strength
Why Wheat is Firm
Russia–Ukraine tensions remain unresolved
