Wheat extends gains, corn closes higher

Wheat extends gains, corn closes higher

Soybeans were mixed on bull spreading. Near-term cash supplies are tight, reflecting those spreads, with NOPA crush numbers out Wednesday. February’s member crush is expected to be down on the month, but at least slightly above a year ago. Brazil’s harvest remains slower than normal, but over the halfway point with a record large crop, while outlooks for Argentina continue to get smaller. The USDA’s next round of supply, demand, and production numbers are out April 11th, while CONAB’s updated outlook for Brazil will be out April 13th.

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