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After the Bell | March 16, 2023

On March 18, 1973, the first issue of Pro Farmer newsletter was published. This issue marks our 50th anniversary.

Five years into trade war, China continues its slow decoupling from U.S. exports

Swiss Central Bank eases banking concerns, Yellen to pitch Biden’s budget to Congress and Argentine crushers 70% idle...

U.S. government forecasters signal La Niña has ended, but the extended weather forecast from the National Weather Service continues to indicate La Niña-like weather will persist through June.

Corn should be supported by strong weekly export sales and another daily sale to China.

USDA reported weekly corn sales of 1.236 MMT for week ended March 9, near the top-end of the pre-report range. Soybean sales were also near top-end estimates at 665,000 MT, up from net reductions the previous week.

Corn futures pivoted around unchanged in quiet overnight trade while soybeans were supported by corrective buying and wheat pulled back from gains earlier this week.

Cash corn and soybean prices under year-ago.

Soybean basis dropped but the average cash price remained above $15.