# Morning Market Review for February 1, 2022 - Big River Resources

> Old crop grain futures rose about 2% overnight on delayed harvest activity and reduced crop quality. Soybeans gained 12-35 cents and soymeal rose $10.90 per ton, while USDA data showed record-level corn use for ethanol in December.

- Date: 2022-02-01 · published 2022-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12636-morning-market-review-for-february-1-2022-big-river-resources
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong ethanol grind and soybean gains support corn and meal values, while a weaker dollar helps export competitiveness.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- bigriverbids.com: https://www.bigriverbids.com/story-morning-market-review-february-1-2022-22-221469

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.