Agriculture News
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Cash grains posted little price movement over the past week.
Corn, soybeans and wheat boosted by followthrough buying overnight.
Drought covers 33% of winter wheat, 26% of corn, 21% of soybeans and 49% of spring wheat.
Corn rebounded from recent losses and wheat traded mostly lower overnight.
Corn basis remains well below average.
Uncertainty around trade policy was noted across all 12 districts, especially for agriculture.
President Trump floats ‘substantial’ China tariffs cuts.
Grains continue to brush aside much of the headlines on trade/tariffs.
CCI ratings declined notably in Kansas and Illinios over the past week.