Agriculture News
USDA’s June 30 reports, One Big Beautiful Bill, last-minute trade negotiations and more in what will be a holiday-shortened week.
U.S. dollar index falls to lowest level since February as President Trump eyes early Fed chair announcement.
Basis modestly improved for soybeans and wheat amid the sharp cash price declines.
Corn futures posted contract lows amid continued selling.
Oil prices extended Monday’s sharp retreat as fears of supply disruptions from the Middle East conflict eased.
The corn and spring wheat crops ended multiple weeks of improvement.
Corn inspections led the decline for the week ended June 10, down 218,867 MT from the previous week, followed by wheat (208,660 MT) and soybeans (30,551 MT).
Generally favorable weather is drawing more attention from grain traders than U.S. involvement in the Israel/Iran conflict.
Corn, soybeans and wheat are under pressure to start the week. Livestock futures are mildly higher this morning...
Short-term trend remains bearish for corn.
Corn, soybeans and wheat mostly favored the downside during the overnight session.