Farmers say they believe the peso will continue to devaluate, providing a better opportunity ahead for making sales.
Sometimes you just have to make a decision and introduce a bill to find your proponents and opponents, and whether your opponents will push hard against you. Such is the case in the Senate with a much-delayed and controversial GMO food labeling bill.
A powerful storm swept through the Great Plains last week, increasing field moisture in hard red winter wheat country and ending a long stretch of dryness.
Corn closed mostly 3 cents lower, with soybeans 5 to 6 cents lower and wheat 4 to 8 cents lower. Cattle ended limit lower, with hogs slightly lower in most contracts.
While pork exports posted a strong finish to 2015, beef exports softened.
Corn, soybean and wheat futures are under pressure to start the week. Cattle are sharply to limit lower and hogs are mixed.
Wheat export sales were also a bit stronger than anticipated, though expectations were admittedly light.
U.S. cotton producers intend to plant 9.1 million cotton acres this spring, up 6.2 percent from 2015, according to the National Cotton Council's 35th Annual Early Season Planting Intentions Survey.
Two congressional appearances by Fed Chairwoman Janet Yellen, release of President Obama’s Fiscal Year 2017 budget proposals on Tuesday, and a batch of monthly USDA reports on Tuesday are the highlights of the week ahead in Washington.
Winter wheat futures ended mostly around 6 cents lower, with corn down around 2 cents and soybeans down mostly around 6 cents. Cattle were lower and hogs favored a weaker tone in mixed trade.
As of Tuesday, February 9
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