News
USDA made limited revisions to its balance sheets this month, as expected.
USDA’s March WASDE showed corn domestic and global ending stocks above pre-report estimates, while soybeans and wheat were each slightly lower than expectations.
Focus of USDA’s WASDE on South American crops, especially Argentine soybeans
Light price action is likely this morning as traders await USDA’s Supply & Demand Report.
Corn, soybeans and wheat faced light selling pressure during a relatively quiet overnight session.
Letter stresses production agriculture, Title I, and importance of funding farm safety net
Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened slightly.
Crop stress continues in Argentina, China imports record soybean shipments in 2023 and NY Fed says pandemic supply chains have returned to pre-pandemic function...