Agriculture News
Corn and soybeans are expected to open higher, while wheat is likely to face followthrough selling after pressure overnight.
Short-term trends turn bullish for cotton and live cattle; bearish for soymeal.
Corn and soybeans were supported by corrective buying overnight, while wheat faced followthrough selling.
On the surface, the report data is neutral. But the underlying numbers are bullish.
Access this week’s newsletter here.
Corn, soybeans and wheat are called higher on corrective buying after recent heavy selling pressure.
Corn, soybean and wheat futures traded mildly higher on corrective buying during overnight trade.
Both Scott and Thompson criticized the idea of excluding larger farms from farm bill programs, pointing out that these farms account for nearly 90% of U.S. ag production.
10-state snapshot of rural economies finds steady improvement but growing concerns.
Above-normal precip is expected over the eastern two-thirds of the Corn Belt during the June through August period. There are ‘equal chances’ for temps over the Corn Belt during the period.