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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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.

Pro Farmer Editors