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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Corn and bean basis remains much weaker than average.
Rumors Trump could report progress on a trade pact with China fueled strong gains in soybeans today.
Strength was featured in the ag complex today amid beneficial trade news.
Strength was seen across the grain and soy complexes today.
Cattle futures led strength today amid corrective buying.
Cash cattle prices continue to retreat after historic rally.

Pro Farmer Editors