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April 10, 2025

Markets showed a relatively muted response to the report data.

Corn ending stocks for 2024-25 were lowered to 1.465 billion bu., notably lower than the average pre-report estimate of 1.510. Soybean ending stocks were pegged at 375 million bu., 4 million bu. below the average pre-report estimate.

April 10, 2025

USDA estimated 32% of the U.S. winter wheat crop was experiencing D1-D4 drought conditions.

Some U.S. farmers link new farm bill as must-pass goal for a much-improved safety net to deal with trade war and other woes | CPI report: Core inflation at 4-year low

Corn, soybeans and wheat each favored the upside in followthrough buying overnight.

Soybean sales during the week ended April 3 totaled 172,300 MT, which were down 58% from the previous week and 63% from the four-week average. Corn and wheat sales also declined on the week.

Soybeans show vulnerability to tariffs war with China.