Corn futures had a nice reversal in yesterday’s session but was unable to use that to their advantage following a dismal export sales report this morning.

The May WASDE will provide the first new crop estimates of the growing season and this could be a volatile report with the transition from tight old crop stocks to much larger supplies of corn and soybeans.

Funds sell in corn & wheat on wx, poor exports, WASDE, outside markets. While soybeans bouce w/meal, lower Argentina estimate. Lower cash weighs on live cattle, hogs react to Prop 12. Rich Nelson, Allendale.

Rep. Thompson signaled he wants to hear “commitment from everyone, including the president, that we will get this done and in the manner I’ve been speaking about. Bipartisan, bicameral, on time and highly effective.’”

With alfalfa being one of the most important forage crops on the farm and feed prices on the rise, it’s critical to ensure your stand is harvested in a timely manner to maximize quality while preserving quantity

Funds sell in corn & wheat on poor exports, soybeans bounce with meal & a cut in Argentina, but is this also report positioning? Cattle rebound despite lower cash, hogs fail on Prop 12 news? Darin Newsom, Barchart.