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After the Bell | May 2, 2024

USDA says ground beef free of H5N1 | Livestock aid coming? | Dovish Powell and the FOMC

Japan battles Yen weakness, global economic growth forecast at 3.1% and World rice supplies stabilize...

Grain and soy futures are expected to open solidly higher on followthrough from overnight price strength.

Weekly soymeal sales during the week ended April 25 missed pre-report expectations and were down 57% from the previous week and 37% four-week average. Corn, soybean and wheat sales were as expected.

Corn and soybean futures built on Wednesday’s gains during the overnight session while wheat futures rebounded.

Fed officials signaled a cut to interest rates was still possible this year, despite the “no further progress” on inflation

Basis drops for corn and soybeans on the rollover to the July contracts.

Key differences with proposed House GOP farm bill