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After the Bell | May 20, 2024

Weekly corn inspections during the week ended May 16 rose more than 200,000 MT from the previous week, while wheat and soybean inspections each fell notably on the week, missing pre-report estimates.

Corn and soybeans are higher as wheat opens the week with sharp gains. Cattle futures are mixed but mostly higher with lean hogs moderately firmer...

CBO analyst takes on GT Thompson and staff on CBO scoring, but facts dispute CBO reasoning

Strong gains in wheat led corn and soybeans higher overnight. Wheat maintaining overnight gains will be key as the recent trend has been overnight strength followed by weakness after the open.

Short-term trend shifts from bullish to neutral for corn.

Wheat futures rebounded from the poor finish last Friday by posting strong gains during the overnight session. Corn and soybeans followed to the upside.

Iran president missing | Israel in crisis | Fed’s Powell positive for Covid-19 | Food prices | Anti-dumping duties on 2,4-D imports from China, India

House bill favors production ag; Senate bill puts lid on food stamp/TFP, conservation and CCC program changes