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Risk-off trade amid more favorable weather forecasts pummeled many commodity markets the past week, with the Fed’s pulling forward of its interest rate hike timing pushing the dollar sharply higher. But it’s early in the growing season and long-term weather models signal more weather scares may lie ahead. You’ll find plenty of crop/weather coverage in this week’s newsletter, as well as the results of our June planted acreage survey. Download this week's newsletter here.  

 

Latest News

Weekly corn inspections notch notable drop from previous week
Weekly corn inspections notch notable drop from previous week

Weekly corn inspections during the week ended April 25 were down 435,000 MT from the previous week, which was revised 38,000 MT higher. Corn, wheat and soybean inspections were all within pre-report estimates.

Monday Morning Wake Up Call | April 29, 2024
Monday Morning Wake Up Call | April 29, 2024

Soy complex futures are higher with wheat mixed and corn under early pressure. Cattle futures are chopping higher as lean hog futures soften...

Ahead of the Open | April 29, 2024
Ahead of the Open | April 29, 2024

Soybeans led strength overnight, corn traded in a narrow range overnight and wheat futures were widely mixed, with SRW leading to the downside and HRS leading to the upside.

Chart Trends | April 29, 2024
Chart Trends | April 29, 2024

Short-term trend turns bullish for wheat, soymeal and cattle futures.

APHIS Issues Another Clarification Re: Dairy Cattle
APHIS Issues Another Clarification Re: Dairy Cattle

Wet, severe weather in U.S. | Heavy rains threaten China’s rice crop | Rule on H-2A workers

First Thing Today | April 29, 2024
First Thing Today | April 29, 2024

Soybeans strengthened overnight, along with soymeal and soyoil, while corn traded in a tight range around unchanged and wheat was widely mixed.