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After the Bell | August 15, 2023

Consultant raises crop estimates, ships clog the Black Sea and pork bellies surge...

U.S. retail sales rise more than expected | China stops issuing youth unemployment info

Corn, soybeans and wheat are expected to open lower this morning after overnight price pressure.

Corn and soybeans traded lower overnight after USDA raised crop condition ratings more than anticipated Monday afternoon. Wheat faced followthrough selling amid a lack of supportive news.

The corn CCI is now above year-ago, while the soybean rating is virtually equal to last year at this time.

After the Bell | August 14, 2023

Weekly wheat inspections dropped by over 100,000 MT from the previous week and were over 90,000 MT short of the pre-report range. Meanwhile, corn and soybean inspections rose slightly from the previous week.

Black Sea incidents accelerate | Biden wants credit for IRA | SAF | Warning to shippers