News
Weekly old-crop corn and soybean export sales were a marketing-year low. Beef export sales were a high for the year and pork sales were also strong.
USDA’s May 12 Supply & Demand Report will be the first official release of balance sheets for 2022-23, along with usage adjustments for the old-crop marketing year.
Inflated anxiety about inflation has Biden taking Vilsack to Illinois farm on Wednesday
Corn, soybean futures expected firmer after planting progress falls short; wheat also firmer.
Corn, soybean and SRW wheat futures recouped a portion of Monday’s losses overnight. HRW and HRS futures firmed more than they lost yesterday.
Recent rains spurred mild improvement in HRW ratings; SRW ratings declined.
Corn futures sink to four-week lows, soybeans to five-week lows on improved planting outlook; wheat also lower.
Chip Flory and Jim Wiesemeyer discuss the new Farm Bill, Ukraine, Putin, and the turning point in American government with the leak of a Supreme Court draft.
Corn, soybean and wheat export inspections all declined from the previous week
Corn and soybeans are under pressure with wheat futures supported by crop concerns. Livestock futures are mildly to moderately lower to start the week.
Wheat futures seen higher on Plains weather, supply concern; corn, soybeans lower on warmer Midwest outlooks.