News
Sharp Drop Erases November’s Short Trip into Positive Ground
Trump open to including farm aid in stripped-down CR sans ‘Democrat giveaways’
Soybeans saw corrective strength, corn languished near unchanged and wheat favored the downside in the overnight session.
For the week ended Dec. 12, corn sales rose 24% to 1.17 MMT from a week ago, while wheat and soybean sales jumped 58% and 21%, respectively.
SRW wheat futures fell to contract lows overnight, while HRW and HRS contracts held above their recent lows. Corn followed wheat to the downside, while soybeans posted mild corrective gains.
Speaker faces growing GOP backlash over compromise CR legislation
Sharp weekly decline in the average cash soybean price.
Only two rate cuts expected in 2025, fewer than previously anticipated
House Ag panel releases fact sheet, analysis
Congress has not yet passed the stopgap funding measure and there appears to be opposition from Trump’s allies
Forecasts under producer assistance program
Some caution about calculating any payment rates before USDA makes decisions
New funding aims to boost domestic output, lower costs for farmers, and enhance market competition across nine states
Calculation uses national avg payment yield for PLC | Combest-Sell sizes up key provisions
Wheat saw relative strength, corn pivoted near unchanged and soybeans saw continued selling pressure in the overnight session.
GOP to push new farm bill in first quarter 2025 | Assessing impact of year-round E15
Soybeans plunged to contract lows overnight amid heavy pressure from soyoil, while corn and wheat traded mildly higher.
