Thursday, January 20, 2022 3:21PM CST
U.S. Agriculture Secretary Tom Vilsack on Thursday said China fell about $16 billion short of its purchase commitments for agricultural goods over the past two years. China also did not advance policies on biotechnology or other key parts of the phase-one agreement, but the U.S. "walks a fine line" with China as a top agricultural importer.
March corn is down 1 cent per bushel, March soybeans are down 4 cents, and March KC wheat is down 3 1/2 cents.
Cattle futures tried to follow through on Thursday's strength but there just was not enough buyer interest after cash business was mostly done for the week. Hog futures gapped higher with some contracts, leaving a gap as traders bought into the market aggressively.