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Economists offer alternative plan for ag disaster program | Biden SOTU and ag sector
Farmer sentiment was up 11 points (9%) from year in January, according to the Purdue University/CME Group Ag Economy Barometer.
Rather directionless trade is expected this morning as traders prepare for Wednesday’s USDA reports.
Soybean futures recouped a portion of Monday’s losses overnight, while the corn market gave back yesterday’s gains and wheat futures showed a mixed tone.
The focus for the U.S. balance sheets will be the usage forecast, while the global focus will be on production.