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USDA attache cuts Argy corn crop estimate, Paraguay struggles to move record crop and Thompson seeks Democrat support for the Farm Bill...

House GOP leaders mull possible rule change re: motion to vacate

The 90-day outlook calls for above-normal temps over most areas of the country, with "equal chances" of rainfall over most of the Corn Belt.

Corn and soybeans saw sustained selling pressure most of the night. Wheat favored the upside for the most part, though prices turned sharply lower following this morning’s export sales report.

Weekly corn sales for the week ended April 11 rose 54% from the previous week, but still down 45% from the four-week average. Soybean sales were up 59% from the previous week and 62% from the four-week average.

Corn futures mildly extended Wednesday’s losses overnight, while soybeans erased gains from yesterday. Wheat was supported by light corrective buying.

Cash rice price surges.

Corn basis continued to firm seasonally but remains below the three-year average.

The LanzaJet Inc. facility in Georgia will likely run on mostly sugarcane ethanol imported from Brazil when it starts commercial production.

After the Bell | April 17, 2024

Vilsack and USDA’s NASS get lots of questions and complaints about cutting key reports

Corn, soybeans and wheat each traded in relatively tight ranges overnight, as corn and wheat mildly favored the upside and soybeans posted modest losses.

Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.

After the Bell | April 16, 2024

Sneak peek at what USTR Tai will tell lawmakers about Biden trade policy

Corn, soybeans and wheat saw choppy trade overnight trading on both sides of unchanged, though each were lower into the break.

Corn, soybeans and wheat traded on both sides of unchanged overnight.

Declines in the HRW CCI rating were fully offset by improvements in SRW crop.

After the Bell | April 15, 2024

Wheat inspections for the week ended April 11 were up 34,000 MT from the previous week and above the expected pre-report range. Corn and soybean inspections were each lower on the week, but within expectations.

Grain futures are under pressure to open the week. Cattle futures are sharply higher amid corrective buying.

Biden advises restraint to Israel amid calls for calm as market nerves ease

Corn, soybeans and wheat each favored the downside overnight though showed increased buying interest into the break.

Short-term trend turns bearish for soybeans and soyoil.

Corn, soybeans and wheat mildly favored the downside in relatively quiet overnight price action.

Vilsack to make several appearances this week

After the Bell | April 12, 2024

Access this week's newsletter here.

USTR confident in U.S. victory over Mexico in GMO corn dispute, focuses on Indo-Pacific trade expansion

Corn and soybeans posted modest corrective gains overnight while wheat spent most of the night trading near unchanged.

After weaker trade early in the overnight session, modest corrective buying gradually built in corn and soybeans, while wheat is narrowly mixed this morning.

After the Bell | April 11, 2024

Markets had a muted reaction to USDA's April Supply & Demand Report.

USDA showed slightly larger-than-expected U.S. carryover for corn, soybeans and wheat, while global corn and soybean carryover also topped average pre-report estimates. Global wheat carryover was lower.

Brazil ethanol policy shows weakness of U.S. trade policy

Rosario Exchange slashes Argy crop estimate, Chinese importers refuse Ukraine corn cargoes and gains in the cash hog index outpace wholesale values...

Corn showed relative strength overnight while soybeans and wheat favored the downside.

Weekly corn sales during the week ended April 4 dropped sharply missing pre-report expectations by a notable 425,000 MT. Meanwhile, soybean and wheat sales were within their respective pre-report range.

Corn, soybeans and wheat held in tight ranges during relatively quiet overnight trade ahead of USDA’s April crop reports later this morning.

Cash corn and soybean prices inch up but still well below year-ago.

Corn basis turns positive but still below average.

After the Bell | April 10, 2024

Market now reflects the highest odds are for the first rate cut in September.

Wheat led strength overnight with corn following to the upside, while soybeans saw relative weakness.

Thompson to Politico: House GOP Farm Bill Markup by Memorial Day

Grain and soy futures firmed amid corrective buying overnight, led by HRW wheat contracts.

After the Bell | April 9, 2024

Insect and disease pressure trim Argy estimate, Chinese EV sales rise and the pork cutout tops $100...

U.S. deficit soars; interest on debt now more than defense outlays

Corn, soybeans and wheat each favored the downside overnight, though volume was light.