News
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.
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Corn, soybeans and wheat are called higher on corrective buying after recent heavy selling pressure.
Corn, soybean and wheat futures traded mildly higher on corrective buying during overnight trade.
Both Scott and Thompson criticized the idea of excluding larger farms from farm bill programs, pointing out that these farms account for nearly 90% of U.S. ag production.
10-state snapshot of rural economies finds steady improvement but growing concerns.
Above-normal precip is expected over the eastern two-thirds of the Corn Belt during the June through August period. There are ‘equal chances’ for temps over the Corn Belt during the period.
Grain and soy markets are expected to open sharply lower amid followthrough selling.