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Is China favoring U.S. sorghum over corn? | Fed policy | U.S. crop sector shifts focus to domestic market with biofuels

Wheat showed relative strength overnight while soybeans led weakness, leaving corn caught between the two.

Wheat futures led a round of corrective buying in the grain markets during overnight trade.

Central Illinois cash corn price below $4.00 for first time since October 2020.

Cash hog prices gained strength in the seasonal rebound.

Fed fund futures continued to reflect the greatest odds for a Fed rate cut starting in June, with three or perhaps four reductions by year-end.

After the Bell | February 21, 2024

U.S. to replace Chinese-made port cranes, RFA appeals to Biden Administration and the CME Lean Hog Index springs higher...

Soybeans continue to lead the grain and soy markets, driving prices lower overnight.

FOMC | Will Dems protect House speaker? | E15, SAF | Food costs | Hogan again in Maryland