News
Major blow to pork and ag sector, but Kavanaugh dissent comments could mean further challenge ahead
Biden to meet this afternoon with ag panel leaders re: new farm bill
Corn, soybeans and wheat are expected to open lower this morning after losses overnight and disappointing export data, especially for soybeans.
Weekly soybean and wheat export sales each missed their respective pre-report range, while corn sales were mid-range. Net soymeal (277,800 MT) and cotton (246,800 RB) sales were each the bright spots for the week.
Corn, soybean and wheat futures faced pressure while holding in relatively tight trading ranges overnight.
Corn basis remains premium and well above average.
USDA will update its old-crop ending stocks, release its first 2023-24 balance sheets and issue its initial winter wheat crop estimate.
Black Sea Export Deal talks begin today, McCarthy notes no progress on debt ceiling and the DOE looks to refill SPR later this year...
China and others continue to take actions re: decreased use of U.S. dollar
Corn, soybeans and wheat are expected to open lower on followthrough selling, but all three markets finished well off their overnight lows.
Corn, soybeans and SRW wheat faced followthrough selling overnight, while HRW and HRS wheat futures pulled back from Tuesday’s gains.
China’s soybean imports below year-ago in April, western companies are looking for a new manufacturing hub and South American yields beat expectations...
Fed chair poll | Biofuels | Immigration bill | China cancels more U.S. corn | AIM | Black Sea grain
Corn, soybean and winter wheat futures are expected to open solidly lower after selling pressure overnight.
Updated crop estimates from Dr. Michael Cordonnier.
Corn, soybean and winter wheat futures faced pressure overnight, while spring wheat traded mildly higher.
Top producer Kansas led the HRW decline, falling nearly 3.6 points over the past week.