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USDA’s initial survey-based corn and soybean crop estimates will be based mostly on farmer surveys and satellite imagery.
JCT releases analysis of Inflation Reduction Act
Soybean futures reach highest prices in over a week on weather concern; corn and wheat also higher.
Traders slashed bets the Fed cut interest rates by 75 basis points again in September following the bigger-than-expected slowdown in consumer inflation.
Corn, soybean and wheat futures were boosted by followthrough buying during overnight trade.
Corn, soybean futures jump to highest levels in over a week on weather concerns, USDA ratings; wheat firmer.