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No changes were made to the U.S. wheat and corn balance sheets, while a 5-million-bu. increase in soybean imports was offset by a 5-million-bu. increase in crush. Corn, soybean and cotton world ending stocks were each higher than respective pre-report estimates.
U.S. ending stocks remain unchanged month-over-month while USDA adjusts global production estimates.
Big swings in crude oil futures are dictating trade in the grain and soy complex.
Bearish technical signal for most of the grains
In a 34-17 vote, the House Agriculture Committee has approved a new Farm Bill proposal, advancing the Farm, Food and National Security Act of 2026 after a lengthy markup session.
A wet, active weather pattern across the Eastern Corn Belt could delay early planting this spring. Meteorologist Matt Griffin says repeated rain events through March and April may keep fields too saturated for fieldwork east of Iowa.