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After the Bell | May 30, 2023

Weekly corn inspections were down slightly from the previous week but were near the top-end pre-report estimate of 1.4 MMT. Corn in Wheat and soybean inspections were each near the respective low-end ranges.

Corn, soybeans and wheat futures are under hefty pressure to start the week. Livestock futures are higher this morning...

Senate also has votes to clear package, but timeline could be delayed

Soybeans and wheat are expected to open sharply lower, with corn likely to trade lower on spillover pressure.

Short-term trend turns bullish for corn.

Beans and wheat faced heavy pressure coming out of the holiday weekend, while corn modestly favored the downside in mixed trade.

House rules meets Tuesday; House vote Wednesday; Senate to follow

Briefings ongoing as both sides seek enough votes to clear Congress this week

Afte the Bell | May 26, 2023