China, currently celebrating its new year, was even in, an unusual move for the country that is “bullish in itself,” Martinson said.
Rook asked whether China will cancel more orders from the U.S., and Rook said he believes China will be evaluating their needs.
Wheat was steady, Rook said, with Chicago wheat holding near its 200-day moving average.
Rook said slaughter was down 270,000 from the same week last year, proving that hog supplies are tight.