Morning Summary: Central banks and key figures worldwide support US Fed Chairman Powell and the independence of the Federal Reserve. Fed fund futures suggest a rate cut after Powell’s term ends in June. Commodity complex starts the day mostly green, with Energies sector awaiting US president’s social media post.

Corn: Corn market higher in pre-dawn trading, holding above $4.20. Commercial support evident with National average basis at 36.0 cents under March futures. Real supply and demand situation appears less bearish than USDA estimates.

Soybeans: Soybean market higher pre-dawn, with March issue up 2.0 cents. Export sales to China and unknown destinations totaling 1.328 million metric tons. National Soybean Index up to $9.8475, indicating increasing short-term demand.

Wheat: Wheat market in the green pre-dawn, with March SRW issue up 2.5 cents. Commercial support seen as Watson covers net-short futures position. Spotlight turning to 2026 crop as winter season midpoint approaches. US Southern Plains HRW crop still active due to mild winter.

Read more at Yahoo Finance: What Was “In” Market Discussions Friday Morning?