Julianne Johnston

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Markets have positive financial news to digest today.
As expected, leaves federal funds rate unchanged.
Beef sales slightly below last week’s level.
Report to show On Feed up from year-ago levels.
30-day outlook calls for below-normal precip across Central & Southern Plains
Still a lot of rain is needed to end the long-lasting drought in the Southern Plains.
Soybean sales within expectations.
Showers also benefit crops in Australia.
But near-term outlook is promising for meaningful rains in the Southern Plains.
Soybean and wheat sales within expectations.