Evening Report
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.