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Trump in court | California’s snowpack one of largest on record | Judge dismisses Kentucky’s challenge to Biden’s WOTUS rule

Concerns with the commodity price outlook and interest rates weakened farmer sentiment.

Yellen assures against bank runs, Kentucky Court bags WOTUS challenge and cash hogs slip again...

Corn and soybeans are expected to trade lower. Wheat futures are called firmer, though spillover pressure will limit buyer interest.

Wheat futures were supported overnight by the bigger-than-expected decline in crop condition ratings, while corn and soybeans faced mild selling pressure.

The HRW CCI rating is well below last fall and year-ago. The SRW rating is above both last fall and last year.

After the Bell | April 3, 2023

Wheat export inspections in week ended March 30 were reported at 168,543 MT, missing the low-end of the pre-report range by over 130,000 MT. Corn inspections were notable, but still lag last year’s pace by nearly 37%.