News
Grain and soy futures traded solidly lower overnight, which is expected to spill into daytime trade.
Wheat futures were supported overnight by the bigger-than-expected decline in crop condition ratings, while corn and soybeans faced mild selling pressure.
The HRW CCI rating is well below last fall and year-ago. The SRW rating is above both last fall and last year.
Wheat export inspections in week ended March 30 were reported at 168,543 MT, missing the low-end of the pre-report range by over 130,000 MT. Corn inspections were notable, but still lag last year’s pace by nearly 37%.
Corn soybean and wheat futures are higher to start the month. Cattle futures are mixed with lean hogs under pressure...
Corn, soybeans and wheat are expected to open higher after strong gains overnight amid support from surging crude oil futures.
U.S. ethanol gets positive news from Japan
Short-term trends turn bullish for corn, soybeans, live cattle and feeder cattle
Corn, soybeans and wheat posted active followthrough buying overnight on help from surging crude oil futures.
Employment report Friday | OPEC+ oil production cut | Disaster aid & crop insurance