News
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.
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.
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.
Cordonnier leaves South American crop estimates unchanged, Russia damages export infrastructure and Blinken will visit Beijing...
Archer Daniels Midland CFO to resign amid DOJ investigation
Corn, soybeans and wheat favored the upside in early overnight trade, though sellers emerged early this morning, bringing corn and soybeans below yesterday’s close.
Wheat futures posted followthrough to Monday’s strong gains overnight, while buying was limited in corn and soybeans.
The HRW CCI rating has declined each of the three weeks this spring, while the SRW rating has improved each week.
Weekly corn inspections for the week ended April 18 exceeded pre-report estimates by 120,000 MT, while soybeans and wheat were within expectations.