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House clears debt-limit measure with ball now in White House, Senate Democrats’ court
Early corrective buying dried up overnight and grain/soy futures are trading lower and on session lows this morning.
Basis for corn and soybeans dropped despite a sharp decline in futures over the past week.
Poland maintains Ukraine grain transit embargo, CBO marks-up House bill and Russia continues to balk at grain export deal...
China leader Xi calls Ukraine’s president | Russia again comments on Black Sea grain pact
Grain and soy futures are expected to have a varied tone at the start of daytime trade.
Corn and soybeans posted mild corrective gains overnight, while wheat traded on both sides of unchanged.
Crop Consultant Dr. Michael Cordonnier’s expectations for corn and soybean plantings.
Data highlights supportive supply fundamentals for beef, struggles for pork
All food prices are now forecast to rise 6.5% in 2023 (range of 4.9% to 8.2%), down from an expected 7.5% increase last month.
APK-Inform projects decline in Ukraine grin output, HRW crop condition remains historically low and this afternoon USDA will detail frozen meat stocks...
Biden officially announces re-election in 3-minute taped message with focus on Trump
Grain and soy futures are expected to favor the downside after failing to sustain corrective buying overnight.
Grain and soy markets worked higher on corrective buying earlier in the overnight session, but buyer interest is drying up this morning.
The HRW CCI rating remains historically low, while the SRW rating is above average.
USDA’s export inspection data for week ended April 20, showed corn and soybeans declining notably from the previous week, while wheat inspections rose by over 100,000 MT.