News
Beef stocks declined more than average, while pork inventories climbed more than normal during April.
Soybean futures pulled back from Monday’s strong gains during overnight trade, while the corn and wheat markets have firmed after earlier trading lower.
CCI ratings remain historically low for the HRW crop and above average for SRW.
Annual ISU survey highlights cash rents paid for 2023.
Weekly wheat inspections for week ended May 18, showed 407,682 MT, topping the range of expectations. Corn inspections were near the top-end of the pre-report range and up nearly 150,000 MT from the week prior.
Corn and soybeans are higher with wheat under pressure. Cattle futures open the week amid a softer tone with lean hogs firmer...
No major trade impacts from recent U.S. BSE case | Update on RFS | G7 gets China’s focus
Corn and soybeans are expected to open higher, while wheat is likely to face followthrough selling after pressure overnight.
Short-term trends turn bullish for cotton and live cattle; bearish for soymeal.
Corn and soybeans were supported by corrective buying overnight, while wheat faced followthrough selling.