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Why corn producers will be pleased with coming House GOP farm bill proposals
Corn and wheat traded in narrow ranges near unchanged most of the night, while soybeans showed modest weakness.
Corn, soybeans and wheat traded in narrow ranges during a quiet overnight session.
After the Bell | April 25, 2024
Coming House measure has some farmer-friendly proposals for crops, livestock and dairy
Columbia embargoes beef from certain U.S. States, Yen falls to long-time low and pal oil producers push back on E.U. climate regs...
U.S. GDP increased at 1.6% rate in first quarter, less than expected
Wheat led strength overnight, with corn following modestly to the upside. Soybeans favored the downside and went into the break near session lows.
Weekly corn sales for the week ended April 18 topped pre-report expectations by a notable margin, while soybean sales missed the pre-report range.
Soybeans pulled back from recent gains overnight, while corn and wheat traded on both sides of unchanged.
Big weekly increase in cash wheat prices.
Wheat basis held relatively steady despite the big jump in cash prices.
Frozen beef stocks declined more than average during March, signaling demand remains strong. Pork inventories built contra-seasonally last month.
USDA’s Animal and Plant Health Inspection Service (APHIS) will require testing for the H5N1 virus in dairy cattle crossing state lines. Any detection of the disease must also be reported.
After the Bell | April 24, 2024
USDA rule on nutritional standards in school meals; first-ever limits on added sugars in school meals
Corn, soybeans and wheat each traded in tight ranges overnight considering the recent volatility.
Grain futures mildly pulled back from recent corrective gains during the overnight session.
After the Bell | April 23, 2024
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