News
Corn, soybeans and wheat each posted strong gains to end the week while livestock markets ended the day mixed in light volume trade.
Deere lays off another 600 | SAF woes continue | EPA on RFS | Mexico and GMO corn | FMMOs
Soybeans led the way higher overnight with corn following to the upside, while wheat saw relative weakness.
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Impact: Could affect hundreds of Jan. 6 prosecutions | Trump Case: Impact unclear, Special Counsel says charges likely unaffected | DOJ Response: Limited impact, most of 1,400+ Jan. 6 defendants unaffected
Corn plantings and June 1 stocks topped expectations.
USDA raised its estimate for corn acreage by nearly 1.5 million from the end of March, while soybean acres were lowered 400,000. Meanwhile, corn, soybean and wheat June 1 stocks were each above pre-report estimates.
Decision expected to shift more interpretive power to the courts