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China cancels prior buy of U.S. corn | China walks back ambassador’s remarks on post-Soviet statehood

Grain and soy futures posted two-sided trade overnight, suggesting a rather directionless start to the daytime session.

Short-term trends turn sideways for corn, soybeans and soymeal.

Wheat futures posted mild corrective overnight, while soybeans traded mixed and corn faced followthrough selling.

Biden to announce bid for re-election | Key U.S. economic reports | Farm bill update

Davis Michaelsen and Editor Brian Grete discuss this week’s market action...

At least two vessels carrying a combined 79,150 MT of Brazilian soybeans are heading to the U.S. soon, according to shipping data.

The report data is mildly negative compared with pre-report expectations, especially placements. But the report is not bearish.

After the Bell | April 21, 2023

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