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Kansas City Fed Bank Reports Decline in Ag Land Sales Volume
Chicago Fed Bank Reports 1% Yearly Decline
Rollins holds bird flu session at USDA and details her busy agenda
Corn, soybeans and wheat each surged higher in overnight trade with wheat leading the way higher.
Corn, soybeans and wheat built on Thursday’s gains during the overnight session and are trading near their session highs early this morning.
The spread of highly pathogenic avian influenza has led to significant losses in chicken flocks and caused an egg supply shortage.
Cash prices remain well above year-ago for corn, far below for soybeans.
Lutnick: Studies and calculations completed by April 1, after which Trump could act immediately
Corn futures led strength today across the grain and soy complex. Cattle futures bounced today, rebounding from recent weakness.
Rollins, RFK Jr. expected to get Senate approval today | Egg prices | House budget
Corn and soybeans mildly favored the downside in overnight trade while wheat saw relative strength.
Soybean sales continue to decline seasonally, falling short of analysts pre-report range for the week ended Feb. 6. Meanwhile corn and wheat sales each rose from the previous week and four-week average.
Grain markets held in tight price ranges overnight, with corn and soybeans trading lower and on session lows early this morning while wheat is firmer.
Corn and soybean basis remains below average.
GT Thompson: ‘USDA’s reckless accounting gimmicks under Vilsack were bad bookkeeping, abuse of taxpayer resources and violation of law’
House plans calls for $230 billion in unspecified ag-related cuts over ten years
Sticky inflation puts pressure on Trump administration amid Fed concern about rising prices