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Soy and wheat futures starred for the ag markets Wednesday

Corn futures rebounded Wednesday. The USDA Grain Stocks and Prospective Plantings reports sent corn prices tumbling Tuesday, but the market firmed overnight. Prices staged a moderate recovery this afternoon, with sentiment surging after the weekly EIA energy report stated domestic ethanol stocks at their lowest level since early January. May corn futures closed 5.5 cents higher at $3.8175/bushel Wednesday, while December moved up 6.0 to $4.0675.


Tight global supplies in command of beef marketplace

From Australia to the United States and everywhere between, tight supplies of beef will be a common theme in 2015, according to the latest Rabobank Beef Quarterly report.

“Global beef supply continues to remain tight in Q1 2015, although Australian exports remain high as drought continues,” says Rabobank Animal Protein Analyst Angus Gidley-Baird.  “Continued liquidation of the cattle herd and possible improved seasons will lead to a reduction in Australia’s beef production through 2015.”


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