Consus Consensus

Consus Ag Consulting Afternoon Wrap Up

Futures opened narrowly mixed as traders focused on month‑end positioning, with limited fresh news and low volume. In South America, Brazil soybean quality is slipping due to excess moisture, raising concerns for both soy and upcoming corn crops. Meanwhile, wildfires have scorched roughly 285,000 acres on the U.S. Plains, adding pressure to regional grain supplies. Livestock futures turned green, supported by rising open interest, even as red‑meat inventories remain below last‑year levels amid labor‑market worries.