🌽 Grain Futures Overview
Mostly higher across the board
Only contract lower: Spot March corn (-1¢)
Pressure from option expiration tomorrow
Ongoing farmer selling to meet cash flow needs
🟢 Soybeans & Bean Oil
🔥 Soybean Oil
Bean oil pushed above 60¢ (March & July)
Driving soybeans back toward Tuesday’s high of the year
RVO (Renewable Volume Obligation) talk heating up
EPA decision expected first week of March
Positive outcome could fuel further upside
🇨🇳 China Watch
No flash sales yet
Potential buying window: mid-to-late March
Could align with President Trump’s planned March 31 visit
🌽 China Corn Situation – Important Development
Chinese corn prices on the Dalian Exchange hit new highs for the year
