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After the Bell | June 17, 2024

Soybeans inspected for export during the week ended June 13 rose 100,000 MT from the previous week, while wheat inspections rose modestly. Meanwhile, corn inspections were notable, but fell 54,000 MT on the week.

Wheat and soybean futures are sharply lower to open the week, pulling corn prices mildly lower. Livestock futures are mostly higher...

Short-term trends turn bullish for cattle futures, bearish for wheat.

Biden administration prepared to release more oil from Strategic Petroleum Reserve (SPR)

Soybeans and wheat led overnight weakness, each marking fresh six-week lows. Corn saw selling pressure as well but held up better than the former two.

Soybeans and wheat posted sharp losses during the overnight session, while corn followed to the downside.

FY 2025 Approps | Farm bill | Election polls | IMF report | Another bird flu case in Iowa

Fed watch | Xi and Taiwan | FY 2025 House spending bills | Bird flu | Election polls