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USDA Report Sparks Surge in Corn and Soybean Futures

2/6/2025

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Summary

Story summary

The January USDA WASDE report boosted corn and soybean futures by lowering 2024/2025 supply forecasts.
Key influences on grain markets include weather conditions in Brazil and Argentina, geopolitical tensions, and crude oil prices.
Fund managers maintain a net long position in corn while holding a net short position in wheat.
The upcoming USDA report on February 11 will focus on domestic demand and global supply trends.

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Story summary

The January USDA WASDE report boosted corn and soybean futures by lowering 2024/2025 supply forecasts.
Key influences on grain markets include weather conditions in Brazil and Argentina, geopolitical tensions, and crude oil prices.
Fund managers maintain a net long position in corn while holding a net short position in wheat.
The upcoming USDA report on February 11 will focus on domestic demand and global supply trends.