The CBOT seemed to find its footing following the WASDE-induced selloff on Tuesday with corn and soybeans pushing lower at the open but quickly finding support. Except for wheat and soyoil, CBOT futures found their way to higher ground on Wednesday as traders viewed Tuesday’s selloff as overdone and again concentrated on the hot, dry long-term weather forecast for the U.S. In another day of macro-market influenced trading, wheat futures pushed to small losses as the persistent strength in the U.S. dollar remains a headwind. Commodity markets now face competing influences from a macroeconomic perspective – the tailwinds created by strong inflation and the headwinds of a strong dollar and the Fed’s intent to raise interest r...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, China, North America, South America