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Soybean futures posted corrective gains overnight, while wheat pulled back from Monday’s gains and corn held near unchanged.

The HRW CCI rating remains historically low, while the SRW crop is rated stronger than average for early spring.

After the Bell | April 10, 2023

USDA reported soybean and wheat export inspections of 669,566 MT and 335,444 MT, respectively; up over 165,000 MT from the previous week. While corn inspections dropped notably.

Corn and soybeans are under pressure with wheat futures mixed. Cattle futures are lower although traders foresee higher cash trade again this week. Hog futures are mostly higher to start the week.

Wheat futures are expected to open firmer, with HRW contracts likely to lead gains amid weather concerns.

EPA vehicle emissions standards rule coming Wed. | Russia comments on Ukraine grain exports

Short-term, intermediate and long-term trends are all bullish for live cattle futures.

Wheat futures traded solidly higher coming out of the extended holiday weekend, while corn favored the downside and soybeans traded mixed.

IMF/World Bank meetings | Deficit grows | EPA announcement | Biden to Ireland