Evening Report
A quick recap of the day’s top news stories tied to key market developments and any advice changes.
Timeliness of summer rainfall will be key across western Corn Belt and Plains.
GOP leaders are hoping to solidify a package that can pass the full House by Memorial Day.
Consumer food prices declined 0.1% from March to stand 2.8% above last year.
Wheat faced pressure from bigger-than-expected winter wheat crop estimate, new-crop stocks.
USDA’s May crop reports could be overshadowed by this weekend’s U.S./China trade talks.
Beef and ethanol prominently mentioned in the deal.
Fed in no hurry to adjust interest rates as it monitors tariff impacts.
Rollins signals USDA overhaul, commits to aid and bipartisan farm bill work.
Winter wheat conditions improve again.
Some now expect the Fed’s next interest rate cut to be pushed back to July.
March soy crush tops expectations, corn-for-ethanol use a little slower than anticipated.
U.S. economy contracts in Q1, inflation eases in March.
U.S. consumer confidence plummets amid trade concerns.
Corn, soybean and spring wheat planting remains quicker than normal.
Japan considering more U.S. corn purchases.
Trade talks with South Korea may be moving faster than expected.
Trade agreements take a long time.
Trade uncertainty paints weaker outlook for global economic growth.
Corn and spring wheat planting ahead of average; soybean and cotton seeding paces normal.
EU weighing export restrictions on U.S. if trade negotiations fail.