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This year’s negative PDO has been significantly negative for 21 straight months. At the same time, NOAA predicts a strong evolution toward El Niño late this spring and early summer.

Grain and soy markets are expected to open with a firmer tone. Corn will be supported by bullish export news.

USDA reported weekly corn sales in week ended March 16 at 3.096 MMT, while soybeans and wheat each missed the low-end of their respective pre-report ranges.

Corn futures built on Wednesday’s corrective gains overnight, while soybeans and wheat bounced after recent losses.

Cash corn, soybean and wheat prices are well under year-ago.

The Federal Reserve raised interest rates 25 basis points but seemed to give mixed signals on further monetary policy action. The benchmark lending rate was increase to a range of 4.75% to 5.00%.

Cash livestock and wholesale meat prices dropped over the past week.

After the Bell | March 22, 2023

ISPFMRA annual survey finds strong gains in farmland values

U.K. inflation unexpectedly rises, EPA Administrator Regan to testify before congress and Argentina ships first cargo of beef to Mexico...

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Grain and soy complex futures are expected to open solidly lower on followthrough selling after bears controlled overnight trade.

Bears controlled price action overnight, with corn, soybean and wheat futures trading solidly lower and near their session lows this morning.

After the Bell | March 21, 2023

Xi invites Putin to visit China as two leaders sign pacts and discuss war cooperation

Corn, soybeans and wheat finished higher and near their session highs overnight, which should fuel followthrough buying this morning.

Light corrective buying has surfaced in some of the grain and soy futures early this morning after they faced pressure for much of overnight trade.

After the Bell | March 20, 2023

Corn, soybeans and wheat export inspections each topped the previous week, though soybean Inspections continue to run ahead of last year by nearly 3.0%, while corn lags by over 36.0%, with wheat behind by 1.6%.

Banking woes are pressuring grains and soy futures to start the week. Cattle futures open the week with mild gains as hog futures encounter hefty pressure.

Unease with the global economy tied to the banking sector will weigh on grain and soy futures.

Another weekend of financial firefighting casts gloomy tone for the week ahead

Short-term trends turn bearish for soybeans and lean hog futures.

Bears controlled price action in the grain and soy markets overnight amid ongoing macroeconomic unease.

FOMC rate decision | Yellen | Banking crises | New farm bill | Ukraine grain export pact

Monthly Creighton survey of bankers

After the Bell | March 17, 2023

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Xi will visit Moscow next week for first time since Russia's invasion of Ukraine

Grain and soy futures are expected to open higher. There was another daily corn sale to China.

Corn, soybeans and wheat were supported by corrective buying and outside markets overnight.

After the Bell | March 16, 2023

On March 18, 1973, the first issue of Pro Farmer newsletter was published. This issue marks our 50th anniversary.

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U.S. government forecasters signal La Niña has ended, but the extended weather forecast from the National Weather Service continues to indicate La Niña-like weather will persist through June.

Corn should be supported by strong weekly export sales and another daily sale to China.

USDA reported weekly corn sales of 1.236 MMT for week ended March 9, near the top-end of the pre-report range. Soybean sales were also near top-end estimates at 665,000 MT, up from net reductions the previous week.

Corn futures pivoted around unchanged in quiet overnight trade while soybeans were supported by corrective buying and wheat pulled back from gains earlier this week.

Cash corn and soybean prices under year-ago.

Soybean basis dropped but the average cash price remained above $15.

After the Bell | March 15, 2023

Credit Suisse's largest investor: Can’t provide the Swiss bank with more financial assistance

Corn and wheat are expected to open with a mildly firmer tone, though outside markets are price-negative. Soybeans are called lower.

After trading higher earlier in the overnight session, corn, soybeans and wheat have turned mostly lower early this morning.

After the Bell | March 14, 2023

Big China buy of U.S. corn | Food price inflation continues | Smithfield CEO talks China

Argentine crop continues to suffer, Russia agrees to Black Sea export deal extension, but Ukraine wants more and PETA issues annual call for the White House not to use real eggs...

Grain and soy futures are expected to open lower after pressure during overnight trade. Corn could get a boost from daily export sales to China.

Corn and soybeans faced followthrough selling overnight, while the wheat market pulled back from Monday’s corrective gains.