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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 6

6 Feb 2025
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 6 Exchange rate was 1.4293 up 0.0007 Chicago soybeans closed steady to slightly higher. MAR25 HI 10.66 1/2 NOV25 HI 10.71 1/2 LOW 10.49 3/4 LOW 10.56 1/2 CLOSE10.60 1/2 Up 3 1/2 CLOSE 10.66 Up 3 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATOR...

Mexico Lifts Biotech Corn Ban on US

6 Feb 2025
LINCOLN, Neb. (DTN) -- The Mexican government on Thursday repealed its ban on genetically modified corn imports from the U.S. after losing an arbitration ruling under the U.S.-Mexico-Canada Agreement, or USMCA, in December 2024. Mexico declared "ineffective" two sets of measures that the U.S. Trade Representative successfully challenged in the USMC...

DTN Closing Grain Comments 02/06 14:00

6 Feb 2025
DTN Closing Grain Comments 02/06 14:00 Wheat Markets Push Higher Thursday; Corn, Soy Markets Quiet Grain markets took a breather for the most part on Thursday with the exception of wheat futures which were able to push higher without the negative influence from the soybean complex that held that market in check Wednesday. Overall, it feels like tra...

USDA: Farm Incomes Up in 2025

6 Feb 2025
MT. JULIET, Tenn. (DTN) -- USDA forecasts climbing farm income in 2025, but it's due to a dramatic increase in government payments, not better prices or a higher volume of sales. Net farm income, which is a comprehensive measure of farm profitability, is forecast at $180.1 billion, an increase of $41 billion, or 29.5%, from 2024. Net cash farm inco...

DTN Midday Livestock Comments 02/06 11:58

6 Feb 2025
DTN Midday Livestock Comments 02/06 11:58 Feeder Cattle Futures Tumble Lower Thursday Morning Active triple-digit losses developed across cattle futures Thursday morning as markets have continued to yo-yo through the week. Although the ability to bring some stability into the market midweek, this was not enough to solidify buyer support. Rick Kment...
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