Basis at the Gulf weakened amid low export sales and high barge freight. In the Midwest, basis held steady to firmer at elevators, river terminals, and processors as futures dipped but demand supported prices. Farmer selling slowed post-rally
Posts
Back to ReportsThe Cent/East U.S. will see variable weather amid drought, March rains bring relief but Plains stay dry. S Argentina spotty rain, drier ahead. Northern Brazil getting heavy rains, drier south next from Mato Grosso to Rio Grande Do Sul. Australia SE rain for crops, heavier March
Today's Dashboard expects to see steady crop prices and cooling PPI offering some inflation relief, while cold storage dips. The soybean trade gains signal tighter supplies and better export potential while the Funds adding longs could drive volatility for grains and livestock
Could China be buying U.S. corn?
The USDA has reported a private export sale of 257,000 metric tons (10.1 million bushels) of corn for delivery to unknown destinations during the 2025/2026 marketing year
At the pause...
Corn is up on solid export sales and higher crude prices while soybeans firmed amid China demand hopes. Wheat is advancing on tension in Iran dryness in the Plains
May CORN up 4 cents at $4.47½
May SOYBEANS up 5¾ cents at $11.69¼
May WHEAT up 12½ cents at 5.87
Today we face a neutral/bullish bias for corn with moving averages favoring buys but input cost pressure could introduce volatility if supply disruptions escalate. Drought across 41% of U.S. corn acres has been supportive this week but forecasted rain could cap any move higher
Strong weekly export sales weren't enough to prevent a small pullback in the hog markets today after a string of recent gains...
April hogs dipped 47.5 cents to end the day at $95.72½
Selected grain contracts at settlement...
Soybean momentum slowed just a bit following a report from Chinese media downplaying the coming Trump/Xi meeting in Beijing...
May CORN: up 1½ cents to $4.43½
May SOYBEANS: down 1½ cents to $11.63½
May WHEAT: up 4¾ cents to $5.74½
