Agriculture News
U.S. negotiators are meeting with China and India, while USDA’s June crop reports are scheduled for Thursday.
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Soybeans and winter wheat markets are poised to post weekly gains, while corn is lower for the week.
Our updated price forecasts for summer and the fourth quarter.
Soybeans led the charge during the week ended May 29, rising 33% from the previous week while corn rose 3%. Meanwhile, new crop wheat sales continued to prove solid.
Half of Fed districts report farm-sector weakness amid broader economic easing.
Traders’ focus is split between trade happenings, weather and geopolitics.
Soybeans basis also firmed over the past week.
Ag part of trade deals that could be announced ‘soon.’
Farmers noted a more optimistic view of U.S. ag export prospects, combined with a less negative view of tariffs’ impact on 2025 farm income.