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The Office of Management and Budget (OMB) has scheduled an increasing number of meetings concerning the EPA’s final rule on levels for the Renewable Fuel Standard (RFS).

After the Bell | May 25, 2023

Republicans expect debt ceiling compromise soon, Argy rains improve expectations for wheat crop and the Fed devises Twitter Sentiment Index...

Grain and soybean futures are expected to open mostly lower following another week of disappointing export sales.

Weekly export data for week ended May 18, showed net reductions for corn and wheat, while soybean sales were up noticeably from the previous week. Though, meal sales were the highlight; up 68% from the four-week average.

Corn, soybean and wheat futures held in tight ranges in quiet, two-sided overnight trade.

Cash hog prices continue slow, methodical seasonal climb.

Corn basis improved along with a big jump in the cash price.

Beef stocks declined more than average, while pork inventories climbed more than normal during April.

After the Bell | May 24, 2023