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Latest analysis still shows huge burden on Southern Plains

Soybean futures drop sharply on profit-taking despite record soyoil close; corn also lower, wheat futures mixed.

Davis Michaelsen and Editor Brian Grete discuss this week’s market action...

USDA’s Cattle on Feed Report is bearish, as the April 1 feedlot inventory and March placements both topped the highest pre-report estimates.

USDA’s Cold Storage Report showed increases in both beef and pork stocks at the end of March, whereas both typically decline during the month.

Access this week’s Newsletter here.

Treasury Secretary Yellen discusses logistics and need for food, fertilizer aid for some nations

Nearby soybeans expected higher after reaching two-month high overnight; corn and wheat also higher.

Senator Grassley says cattle market transparency hearing a ‘formality,’ sentiments on China’s assets sour and USDA will release its Cattle on Feed and Cold Storage reports today...