Closing Chatham elevator bids

-Little change to corn and soybean futures today, wheat futures lower.

-Rain in the forecast for the Black Sea region could have caused wheat to trade lower today.

-US weekly export inspections were lower for corn this week vs. last, soybeans were higher, and wheat was slightly lower week over week. Year to date, corn inspections are ahead by 32%, soybeans just over 9% and wheat ahead by 18%.

-Funds continue to trim the long corn position, Friday's COT data showed funds long 107,270 corn contracts as of Mar 18th, this is down from 337,454 on Feb 25th.

-US equity markets trading higher following news that the April 2nd tariff announcement may be more item specific.

Have a good night.

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