News
ISPFMRA annual survey finds strong gains in farmland values
Brazilian crusher raises domestic soybean crop forecast to record level, Powell foresees financial tightening and China urges U.S. to drop tariffs...
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This year’s negative PDO has been significantly negative for 21 straight months. At the same time, NOAA predicts a strong evolution toward El Niño late this spring and early summer.
Grain and soy markets are expected to open with a firmer tone. Corn will be supported by bullish export news.
USDA reported weekly corn sales in week ended March 16 at 3.096 MMT, while soybeans and wheat each missed the low-end of their respective pre-report ranges.
Corn futures built on Wednesday’s corrective gains overnight, while soybeans and wheat bounced after recent losses.
Cash corn, soybean and wheat prices are well under year-ago.
The Federal Reserve raised interest rates 25 basis points but seemed to give mixed signals on further monetary policy action. The benchmark lending rate was increase to a range of 4.75% to 5.00%.
Cash livestock and wholesale meat prices dropped over the past week.
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Grain and soy complex futures are expected to open solidly lower on followthrough selling after bears controlled overnight trade.
Bears controlled price action overnight, with corn, soybean and wheat futures trading solidly lower and near their session lows this morning.
Xi invites Putin to visit China as two leaders sign pacts and discuss war cooperation
Corn, soybeans and wheat finished higher and near their session highs overnight, which should fuel followthrough buying this morning.
Light corrective buying has surfaced in some of the grain and soy futures early this morning after they faced pressure for much of overnight trade.