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After the Bell | April 29, 2024

USDA’s Animal and Plant Health Inspection Service (APHIS) updated requirements for dairy cattle as follows:

Weekly corn inspections during the week ended April 25 were down 435,000 MT from the previous week, which was revised 38,000 MT higher. Corn, wheat and soybean inspections were all within pre-report estimates.

Soy complex futures are higher with wheat mixed and corn under early pressure. Cattle futures are chopping higher as lean hog futures soften...

Soybeans led strength overnight, corn traded in a narrow range overnight and wheat futures were widely mixed, with SRW leading to the downside and HRS leading to the upside.

Short-term trend turns bullish for wheat, soymeal and cattle futures.

Wet, severe weather in U.S. | Heavy rains threaten China’s rice crop | Rule on H-2A workers

Soybeans strengthened overnight, along with soymeal and soyoil, while corn traded in a tight range around unchanged and wheat was widely mixed.

FOMC decision and Powell presser Wed. | Jobs report Friday