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USDA updates dairy cattle H5N1 restrictions
USDA updates dairy cattle H5N1 restrictions

USDA’s Animal and Plant Health Inspection Service (APHIS) updated requirements for dairy cattle as follows:

First Thing Today | April 26, 2024
First Thing Today | April 26, 2024

Corn, soybeans and wheat traded in narrow ranges during a quiet overnight session.

Weekly corn sales surge to 1.3 MMT
Weekly corn sales surge to 1.3 MMT

Weekly corn sales for the week ended April 18 topped pre-report expectations by a notable margin, while soybean sales missed the pre-report range.

First Thing Today | April 25, 2024
First Thing Today | April 25, 2024

Soybeans pulled back from recent gains overnight, while corn and wheat traded on both sides of unchanged.

Market Watch | April 25, 2024
Market Watch | April 25, 2024

Big weekly increase in cash wheat prices.

Midweek Cash Markets | April 24, 2024
Midweek Cash Markets | April 24, 2024

Wheat basis held relatively steady despite the big jump in cash prices.

Cold Storage Report: Mixed signals for beef, pork demand
Cold Storage Report: Mixed signals for beef, pork demand

Frozen beef stocks declined more than average during March, signaling demand remains strong. Pork inventories built contra-seasonally last month.

USDA issues interstate transport testing, reporting order for H5N1 in dairy cattle
USDA issues interstate transport testing, reporting order for H5N1 in dairy cattle

USDA’s Animal and Plant Health Inspection Service (APHIS) will require testing for the H5N1 virus in dairy cattle crossing state lines. Any detection of the disease must also be reported.

First Thing Today | April 24, 2024
First Thing Today | April 24, 2024

Grain futures mildly pulled back from recent corrective gains during the overnight session.

First Thing Today | April 23, 2024
First Thing Today | April 23, 2024

Wheat futures posted followthrough to Monday’s strong gains overnight, while buying was limited in corn and soybeans.

HRW, SRW crops headed in opposite directions
HRW, SRW crops headed in opposite directions

The HRW CCI rating has declined each of the three weeks this spring, while the SRW rating has improved each week.

Weekly corn inspections prove notable
Weekly corn inspections prove notable

Weekly corn inspections for the week ended April 18 exceeded pre-report estimates by 120,000 MT, while soybeans and wheat were within expectations.

Chart Trends | April 22, 2024
Chart Trends | April 22, 2024

Short-term trend improves for lean hog futures.

First Thing Today | April 22, 2024
First Thing Today | April 22, 2024

Winter wheat markets built on Friday’s corrective gains during overnight trade, while corn, soybeans and spring wheat struggled to find followthrough buying.

Cattle on Feed Report: Sharp drop in placements
Cattle on Feed Report: Sharp drop in placements

Marketings also dropped sharply during March.

Ahead of the Open | April 19, 2024
Ahead of the Open | April 19, 2024

Corn, soybean and wheat futures are expected to open firmer amid corrective buying.

First Thing Today | April 19, 2024
First Thing Today | April 19, 2024

Corn, soybeans and wheat posted corrective gains during the overnight session.

Key Rural Economic Index Remains Negative
Key Rural Economic Index Remains Negative

Creighton University's survey finds bankers remain pessimistic on economic outlook.

Warmer first half of growing season, uncertain precip outlook
Warmer first half of growing season, uncertain precip outlook

The 90-day outlook calls for above-normal temps over most areas of the country, with "equal chances" of rainfall over most of the Corn Belt.

Weekly corn, soybean sales rise on the week
Weekly corn, soybean sales rise on the week

Weekly corn sales for the week ended April 11 rose 54% from the previous week, but still down 45% from the four-week average. Soybean sales were up 59% from the previous week and 62% from the four-week average.

First Thing Today | April 18, 2024
First Thing Today | April 18, 2024

Corn futures mildly extended Wednesday’s losses overnight, while soybeans erased gains from yesterday. Wheat was supported by light corrective buying.

Market Watch | April 18, 2024
Market Watch | April 18, 2024

Cash rice price surges.

Midweek Cash Markets | April 17, 2024
Midweek Cash Markets | April 17, 2024

Corn basis continued to firm seasonally but remains below the three-year average.

Brazil first to make ethanol for SAF
Brazil first to make ethanol for SAF

The LanzaJet Inc. facility in Georgia will likely run on mostly sugarcane ethanol imported from Brazil when it starts commercial production.

First Thing Today | April 17, 2024
First Thing Today | April 17, 2024

Corn, soybeans and wheat held in tight trading ranges during a quiet overnight session.

First Thing Today | April 16, 2024
First Thing Today | April 16, 2024

Corn, soybeans and wheat traded on both sides of unchanged overnight.

HRW CCI ratings post notable decline, led by Kansas
HRW CCI ratings post notable decline, led by Kansas

Declines in the HRW CCI rating were fully offset by improvements in SRW crop.

Weekly wheat inspections exceed pre-report expectations
Weekly wheat inspections exceed pre-report expectations

Wheat inspections for the week ended April 11 were up 34,000 MT from the previous week and above the expected pre-report range. Corn and soybean inspections were each lower on the week, but within expectations.

Monday Morning Wake Up Call | April 15, 2024
Monday Morning Wake Up Call | April 15, 2024

Grain futures are under pressure to open the week. Cattle futures are sharply higher amid corrective buying.

Chart Trends | April 15, 2024
Chart Trends | April 15, 2024

Short-term trend turns bearish for soybeans and soyoil.

First Thing Today | April 15, 2024
First Thing Today | April 15, 2024

Corn, soybeans and wheat mildly favored the downside in relatively quiet overnight price action.

First Thing Today | April 12, 2024
First Thing Today | April 12, 2024

After weaker trade early in the overnight session, modest corrective buying gradually built in corn and soybeans, while wheat is narrowly mixed this morning.

PF Report Reaction: USDA's report data fails to provide bullish spark
PF Report Reaction: USDA's report data fails to provide bullish spark

Markets had a muted reaction to USDA's April Supply & Demand Report.

Report Snapshot: U.S. and global corn, soybean carryover top average pre-report estimates
Report Snapshot: U.S. and global corn, soybean carryover top average pre-report estimates

USDA showed slightly larger-than-expected U.S. carryover for corn, soybeans and wheat, while global corn and soybean carryover also topped average pre-report estimates. Global wheat carryover was lower.

Weekly corn sales drop sharply to marketing-year low
Weekly corn sales drop sharply to marketing-year low

Weekly corn sales during the week ended April 4 dropped sharply missing pre-report expectations by a notable 425,000 MT. Meanwhile, soybean and wheat sales were within their respective pre-report range.

First Thing Today | April 11, 2024
First Thing Today | April 11, 2024

Corn, soybeans and wheat held in tight ranges during relatively quiet overnight trade ahead of USDA’s April crop reports later this morning.

Market Watch | April 11, 2024
Market Watch | April 11, 2024

Cash corn and soybean prices inch up but still well below year-ago.

Midweek Cash Markets | April 10, 2024
Midweek Cash Markets | April 10, 2024

Corn basis turns positive but still below average.

U.S. consumer inflation rises more than expected in March
U.S. consumer inflation rises more than expected in March

Market now reflects the highest odds are for the first rate cut in September.

First Thing Today | April 10, 2024
First Thing Today | April 10, 2024

Grain and soy futures firmed amid corrective buying overnight, led by HRW wheat contracts.

HRW CCI rating slips, SRW crop modestly improves
HRW CCI rating slips, SRW crop modestly improves

CCI ratings for both crops are above year-ago, especially for HRW.

Weekly corn inspections surpass expectations for the second straight week
Weekly corn inspections surpass expectations for the second straight week

Corn inspections during the week ended April 4 were down 51,859 MT from the previous week but topped pre-report expectations. Wheat and soybean inspections also fell from the previous week but were as expected.

Chart Trends | April 8, 2024
Chart Trends | April 8, 2024

A lot of movement in short-term trends.

First Thing Today | April 8, 2024
First Thing Today | April 8, 2024

Corn favored the downside in light trade overnight, while soybeans and wheat had a mixed tone.

First Thing Today | April 5, 2024
First Thing Today | April 5, 2024

Corn, soybeans and wheat have adopted firmer tones this morning, led by strong gains in SRW wheat, after two-sided trade overnight.

Market Watch | April 4, 2024
Market Watch | April 4, 2024

Our updated monthly and quarterly price forecasts.

Ahead of the Open | April 4, 2024
Ahead of the Open | April 4, 2024

Corn and soybeans are expected to open under light pressure. Wheat is expected to be mixed, with SRW lower, while HRW and HRS futures are likely to open with a firmer tone.