Barring a change in weather pattern, grain markets will need another source of support for an extended price recovery.
The Aug. 1 implementation date will allow countries a little more time to get deals secured before tariffs officially increase.
Favorable weather, trade uncertainty and weakening cash livestock fundamentals will weigh on futures to open the week.
Ag scored some big wins, including higher reference prices, positive changes in crop insurance, a big boost in trade market development funding and a bevy of ag-friendly tax provisions.
Speculation continues to swirl Trump’s Thursday night visit to Des Moines could result in news of purchase agreements for corn and beans with China or a delay in the July 9 deadline for increasing tariffs.
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Pro Farmer Editors