April 27, 2026 US crop progress/conditions highlights
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Technically ugly weakness in US wheats and corn overnight. March options now expired, March futures first intentions day on the close Thursday. May is top step.
US and world ag futures quiet overnight other than Dalian meal rallying and US winter wheats taking back yesterdays losses. Weekly US ag export sales report showed continued good demand for US wheat and corn but little demand for US beans.
US ags slightly higher on a slightly lower USD, some nonsense talk by Trump regarding China willing to talk tariffs, and the corn 500 pin that expires tomorrow having a bearing also.
Wheat Corrects From Overbought Technicals After an Impressive 3-Day Run
Overnight finishes lower in US ags. WH and CH may be drawn to 600 and 500 pins as we approach options expiration Friday.
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