Highlights
At 11 AM Central Time, the USDA will release its March S&D. It will be neutral for the market at the worst.
Despite all the tariff rhetoric yesterday, the big news was the corn weekly export inspections. CHS summed it up this way:
“Corn inspections were outstanding with the total setting a marketing year high. Inspections have been above one million tons for nine consecutive weeks. This is also the ninth week in a row where corn inspections have been above both last year and the 5-year-average. Cumulative inspections YTD are at the highest level since the 07/08 marketing year.”
The price of corn at NOLA (New Orleans) is cheaper than corn at ports in Brazil and Ukraine.
Yesterday morning, the USDA announced the sale of 126,000 mts of old crop corn to Japan and 195,000 mts of old crop soybeans to unknown.