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After the Bell | April 27, 2023

Industrial profits drop in China, the House votes to raise debt limit and biofuel proponents urge Biden administration to include SAF in Inflation Reduction Act...

Grain and soy futures will face followthrough selling amid eroding technicals and no indication from export sales data that prices are ‘cheap enough.’

Weekly corn, soybean and wheat sales were all within their respective ranges for week ended April 20. While cotton and pork sales were each up noticeably from the previous week and the four-week average.

House clears debt-limit measure with ball now in White House, Senate Democrats’ court

Early corrective buying dried up overnight and grain/soy futures are trading lower and on session lows this morning.

Cash grain and soybean prices plunge.

Basis for corn and soybeans dropped despite a sharp decline in futures over the past week.

After the Bell | April 26, 2023

Poland maintains Ukraine grain transit embargo, CBO marks-up House bill and Russia continues to balk at grain export deal...