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Ahead of the Open | June 7, 2023
Ahead of the Open | June 7, 2023

Choppy to mostly lower price action is expected as traders start to prepare for USDA's reports on Friday.

First Thing Today | June 7, 2023
First Thing Today | June 7, 2023

Corn, soybeans and wheat posted two-sided trade overnight but are mostly firmer this morning.

Blinken to Visit Beijing Within Weeks: Bloomberg | Chinese Exports Plunge
Blinken to Visit Beijing Within Weeks: Bloomberg | Chinese Exports Plunge

Dam explosion in Ukraine put major strain on ag sector | Stabenow: No new funding for farm bill

After the Bell | June 6, 2023
After the Bell | June 6, 2023

After the Bell | June 6, 2023

Farmer sentiment sours amid falling crops prices
Farmer sentiment sours amid falling crops prices

Producer sentiment fell to its weakest reading since July 2022, triggered by crop price weakness.

Ukraine and Russia Accuse Each Other of Blowing Up Dam; Wheat Futures Surge
Ukraine and Russia Accuse Each Other of Blowing Up Dam; Wheat Futures Surge

World Bank revises global economic growth estimate for 2023 to 2.1%, up from 1.7%

Ahead of the Open | June 6, 2023
Ahead of the Open | June 6, 2023

Wheat futures are expected to lead gains in the grain markets, though outside markets could restrict buyer interest.

First Thing Today | June 6, 2023
First Thing Today | June 6, 2023

Wheat futures posted strong gains overnight after a major dam in Ukraine was destroyed. Corn and soybeans traded solidly higher on lower-than-expected crop condition ratings.

Corn CCI rating falls, soybeans start below year-ago
Corn CCI rating falls, soybeans start below year-ago

CCI ratings for corn and beans below year-ago, spring wheat rated better than last year.

After the Bell | June 5, 2023
After the Bell | June 5, 2023

After the Bell | June 5, 2023

Wheat inspections begin marketing-year with shaky start
Wheat inspections begin marketing-year with shaky start

USDA's weekly export inspection data showed a week-over-week decline in export inspections for corn, soybeans and wheat. June 1 marked the beginning of the 2023-24 wheat marketing-year,

Monday Morning Wake Up Call | June 5, 2023
Monday Morning Wake Up Call | June 5, 2023

Wheat futures are leading gains in grains and oilseeds. Cattle futures are higher to start the week with hog futures under pressure...

Saudi Arabia to Cut Oil Supply; Markets Rise but Long-Term Impact Murky
Saudi Arabia to Cut Oil Supply; Markets Rise but Long-Term Impact Murky

China’s war hawks make it difficult for U.S. to improve relations with Beijing/Xi

Ahead of the Open | June 5, 2023
Ahead of the Open | June 5, 2023

Corn, soybeans and wheat are expected to open firmer after favoring the upside overnight.

Chart Trends | June 5, 2023
Chart Trends | June 5, 2023

No changes in the short-term, intermediate or long-term trends this week.

First Thing Today | June 5, 2023
First Thing Today | June 5, 2023

Relatively quiet two-sided price action was seen in the grain and soy markets during overnight trade.

President Biden on Saturday Signed Debt Limit/Budget Reform Bill
President Biden on Saturday Signed Debt Limit/Budget Reform Bill

Farm bill hearings return in House and Senate

U.S. formally requests USMCA dispute settlement with Mexico over ag biotech measures
U.S. formally requests USMCA dispute settlement with Mexico over ag biotech measures

The U.S. is escalating its conflict with Mexico over agricultural biotech measures, including the country’s stance on GMO corn...

After the Bell | June 2, 2023
After the Bell | June 2, 2023

After the Bell | June 2, 2023

Global Food Prices Soften in May | June 2, 2023
Global Food Prices Soften in May | June 2, 2023

Senate passes debt limit legislation, U.S. signs agreement with Taiwan and summer air travel is expected to heat up...

Hot Jobs Report, but Mixed Analysis as Unemployment Rate Rose to 3.7%
Hot Jobs Report, but Mixed Analysis as Unemployment Rate Rose to 3.7%

Former USTR Lighthizer takes on China | USDA official updates on ERP | Prop 12 update

Ahead of the Open | June 2, 2023
Ahead of the Open | June 2, 2023

Corn is expected to open lower, with soybeans likely to trade mildly firmer and wheat mixed.

Weekly wheat sales miss expectations; reach new marketing-year low
Weekly wheat sales miss expectations; reach new marketing-year low

Net sales reductions of 210,500 MT of wheat were reported in week ended May 25, missing the expected range by over 100,000 MT. Weekly corn and soybean sales were near the low-end of their respective pre-report estimate.

First Thing Today | June 2, 2023
First Thing Today | June 2, 2023

Corn futures are extending losses early this morning, while beans and wheat are mixed.

After the Bell | June 1, 2023
After the Bell | June 1, 2023

After the Bell | June 1, 2023

Market Watch | June 1, 2023
Market Watch | June 1, 2023

Our updated monthly and quarterly price forecasts.

House GOP Hawkish on Mexico | June 1, 2023
House GOP Hawkish on Mexico | June 1, 2023

House passes debt ceiling bill, Ukraine grain and oilseed production projected lower and China's small factory activity rises...

Big expansion of drought across corn, soybean areas
Big expansion of drought across corn, soybean areas

Drought continues to spread from west to east across major U.S. corn and soybean areas.

Despite Errant Media Hype, House Overwhelming Clears Debt-limit Measure
Despite Errant Media Hype, House Overwhelming Clears Debt-limit Measure

OPEC | Collin Peterson alters farm bill stance | Calif. to host 3 webinars on implementation of Prop 12

Ahead of the Open | June 1, 2023
Ahead of the Open | June 1, 2023

Corn, soybean and wheat futures are expected to open sharply higher following strength overnight and on weather concerns.

First Thing Today | June 1, 2023
First Thing Today | June 1, 2023

Soybean futures led overnight price gains, though corn and wheat actively participated in the push to the upside.

Midweek Cash Markets | May 31, 2023
Midweek Cash Markets | May 31, 2023

Corn and soybean basis remains well above average.

After the Bell | May 31, 2023
After the Bell | May 31, 2023

After the Bell | May 31, 2023

Debt-limit Bill on Way to Passage in House & Senate, But Not Without More Drama
Debt-limit Bill on Way to Passage in House & Senate, But Not Without More Drama

CBO issues surprise re: SNAP changes | Xi involved in crackdown on statistical fraud

Ahead of the Open | May 31, 2023
Ahead of the Open | May 31, 2023

Grain and soy futures are expected to face heavy pressure after active followthrough selling during overnight trade.

First Thing Today | May 31, 2023
First Thing Today | May 31, 2023

Corn, soybeans and wheat actively extended Tuesday’s losses during overnight trade.

Corn CCI rating starts lower than last year
Corn CCI rating starts lower than last year

The initial CCI ratings came one week earlier than last year.

After the Bell | May 30, 2023
After the Bell | May 30, 2023

After the Bell | May 30, 2023

Weekly corn inspections steady week over week
Weekly corn inspections steady week over week

Weekly corn inspections were down slightly from the previous week but were near the top-end pre-report estimate of 1.4 MMT. Corn in Wheat and soybean inspections were each near the respective low-end ranges.

Monday Morning Wake Up Call | May 30, 2023
Monday Morning Wake Up Call | May 30, 2023

Corn, soybeans and wheat futures are under hefty pressure to start the week. Livestock futures are higher this morning...

If Debt-limit Package Clears House Rules, Enough Votes Likely to Clear House Floor: Sources
If Debt-limit Package Clears House Rules, Enough Votes Likely to Clear House Floor: Sources

Senate also has votes to clear package, but timeline could be delayed

Ahead of the Open | May 30, 2023
Ahead of the Open | May 30, 2023

Soybeans and wheat are expected to open sharply lower, with corn likely to trade lower on spillover pressure.

Chart Trends | May 30, 2023
Chart Trends | May 30, 2023

Short-term trend turns bullish for corn.

First Thing Today | May 30, 2023
First Thing Today | May 30, 2023

Beans and wheat faced heavy pressure coming out of the holiday weekend, while corn modestly favored the downside in mixed trade.

Text of Framework Debt Limit/Budget Spending Bill Released
Text of Framework Debt Limit/Budget Spending Bill Released

House rules meets Tuesday; House vote Wednesday; Senate to follow

McCarthy/Biden Reach Bipartisan Debt-Limit Framework Agreement
McCarthy/Biden Reach Bipartisan Debt-Limit Framework Agreement

Briefings ongoing as both sides seek enough votes to clear Congress this week

After the Bell | May 26, 2023
After the Bell | May 26, 2023

Afte the Bell | May 26, 2023

Cash Cattle Volume Surges | May 26, 2023
Cash Cattle Volume Surges | May 26, 2023

Canada gains access to Taiwanese market, France to begin HPAI vaccination program and debt ceiling negotiations yielding progress...