News
Both crops start the growing season rated well above year-ago.
EPA | OPEC+ | Elections in India, Mexico | No U.S. rate cuts in 2024?
Weekly corn inspections rose 244,000 MT from the previous week to 1.37 MMT during the week ended May 30, landing above pre-report expectations. Wheat and soybean inspections also rose on the week.
Wheat futures are higher with corn and soybean futures under pressure to start the week. Cattle and hog futures are mildly favoring the upside...
Strong gains in wheat led to modest gains in corn overnight, while soybeans continue to see relative weakness. Each saw an increase in buying activity into the break.
Short-term trend turns bearish for corn, soybeans and soymeal.
Wheat futures recouped some of last week’s losses during the overnight session, while corn and soybeans extended their recent declines.
Congress returns | Employment report | Farmers cut costs | Interest rates | Acreage changes
Dick Crowder | Israel ceasefire proposal | House farm bill | FY 2025 appropriations | Manchin | 45Z registration
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Wheat rally | U.S. cotton to China | Proposed rule on poultry payment systems | Bird flu
Corn, soybeans and wheat each posted corrective gains overnight on light volume. Key will be if buyers can maintain gains after the open, which has brought selling pressure all week.
Weekly soybean sales during the week ended May 23 rose 18% from the previous week, though exports for the week slipped to a marketing-year low of 208,400 MT.
Corn, soybeans and wheat recouped some of the losses from earlier this week during the overnight session.
Cash corn prices firm a little, while soybean prices ease.
USDA estimated drought covered 5% of corn production areas and 3% for soybeans as of May 28.
U.S. GDP downgraded for Q1 2024 | Bird flu: potential actions on milk testing | SAF credit no show for ethanol? | Even bigger U.S. ag trade gap forecast