News
Corrective strength was featured across the grain and soy markets overnight.
This is historically the most volatile trading day of the year.
All three markets are poised for sharp losses for the week.
Diesel prices climb back above $3.00.
Combination of slightly bigger-than-expected spring pig crop and revisions to market hog inventories from the previous two quarters pushed the June 1 hog herd up 0.3% from year-ago.
Wheat continues to lead weakness ahead of Monday’s reports
The driest areas of the Corn Belt are Nebraska and South Dakota.
Biodiesel makers warn of industry collapse without immediate tax credit extension.
Consolidation was featured across the grain and soy markets overnight following recent heavy selling pressure.
Each notched weekly declines, though soybean sales were up notably from the four-week average, while corn sales dipped modestly.
U.S. dollar index falls to lowest level since February as President Trump eyes early Fed chair announcement.
Basis modestly improved for soybeans and wheat amid the sharp cash price declines.
Passage of the bill is seen as a prerequisite for unlocking trade agreements with nations including India, Japan, and Vietnam, and for addressing issues such as digital taxes on U.S. businesses abroad.
Persistent selling continues across the grain and soy markets, with corn leading the way lower overnight, marking a fresh contract low.
Corn futures posted contract lows amid continued selling.
Senate GOP in scramble mode.
Wheat continues to lead weakness following last week’s peak, while corn and soybeans followed to the downside.
Oil prices extended Monday’s sharp retreat as fears of supply disruptions from the Middle East conflict eased.