Trade and tariffs dominated headlines last week, with a flurry of framework deals being made ahead of the August 1 deadline. While deals have been made, there is little clarity for agriculture, with energy getting most of the attention. Corn prices have continued their recent trend of early week weakness and mid week strength. Soybeans saw sustained selling pressure most of the week but saw some spillover strength from meal towards the end of the week. Wheat saw persistent selling pressure each day last week. Cattle saw persistent volatility with prices reaching all time highs as cash fundamentals remain tight. The hog market has lost bullish momentum as the cash market looks to turn lower seasonally. We cover all of these items and much more in this week’s newsletter.
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(Pro Farmer )