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After the Bell | March 26, 2024

Bird flu in U.S. dairy cattle | CEOs meet with Xi | Food prices | Donuts at McDonalds | Gas at $4?

HRW crop improves, Baltimore Bridge struck by cargo ship and U.S. frozen meat inventories decline...

Corn, soybeans and wheat each faced mild price pressure in a relatively quiet overnight session. Trade so far this week has been largely positioning ahead of Thursday’s USDA reports.

Corn, soybeans and wheat faced mild price pressure during a relatively quiet overnight session.

State-level winter wheat condition ratings signaled more general improvement in the HRW crop over the past month, despite a minor downtick in top producer Kansas.

USDA says a small number of dairy herds in Texas and Kansas tested positive for a strain of highly pathogenic avian influenza (HPAI).

Frozen pork stocks declined contra-seasonally during February, while beef inventories fell more than average.

After the Bell | March 25, 2024

Corn inspections during the week ended March 21 totaled 1.228 MMT, down nearly 100,000 MT on the week but more than double the same week a year-ago. Meanwhile, soybean inspections rose 68,000 MT on the week.