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After the Bell | June 3, 2024

EPA | OPEC+ | Elections in India, Mexico | No U.S. rate cuts in 2024?

Weekly corn inspections rose 244,000 MT from the previous week to 1.37 MMT during the week ended May 30, landing above pre-report expectations. Wheat and soybean inspections also rose on the week.

Wheat futures are higher with corn and soybean futures under pressure to start the week. Cattle and hog futures are mildly favoring the upside...

Strong gains in wheat led to modest gains in corn overnight, while soybeans continue to see relative weakness. Each saw an increase in buying activity into the break.

Short-term trend turns bearish for corn, soybeans and soymeal.

Wheat futures recouped some of last week’s losses during the overnight session, while corn and soybeans extended their recent declines.

Congress returns | Employment report | Farmers cut costs | Interest rates | Acreage changes

Dick Crowder | Israel ceasefire proposal | House farm bill | FY 2025 appropriations | Manchin | 45Z registration

After the Bell | May 31, 2024