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U.S.: Morning market review for April 21, 2021

United States
Published Apr 22, 2021

Tridge summary

*Prices as of 6:50 am CDT.

Original content

The latest Feedback from the Field analysis is live on our site! In the first installment of the 2021 series, farmers across the country struggle to get a stable start to planting season amid depleted soil moisture levels and unseasonably cold temperatures. Want to get in on the action?! Click here to take our ongoing farmer survey on crop progress at any point in the 2021 grain season. Our Google Map, updated daily, provides all past responses for farm readers. We can’t wait to hear from you! China’s agricultural ministry published a memorandum overnight calling for lower corn and soymeal volumes to be used in hog and poultry rations amid soaring grain prices. The memo seemingly had little effect on the corn complex this morning, though it likely capped the overnight trading session’s gains after Brazilian corn crop ratings fell on an unusually dry stretch recently. Brazilian corn crop ratings tumbled after a dry spell, sending U.S. corn prices over the $6/bushel benchmark ...
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