Normally, trading on the day before a three-day holiday weekend is a lackluster affair, but 2022 is an exception:
The winter storm and bitter cold weather blanketing much of the U.S. sparked a rally in wheat futures that spilled over into corn. The soy complex pushed higher again with soyoil receiving support from a rally in crude oil futures. No major technical developments were posted in the grain markets on Friday, but the strength this week has been surprising and likely signals a shift in market sentiment. Cattle futures pushed higher to end a bullish week while the hog market generally traded lower, except for deferred futures that found new contract highs. The livestock markets are set to trade higher ne...