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The jump in the Purdue University/CME Group Ag Economy Barometer was driven by the Future Expectations Index, which increased 37 points to 161, the highest reading since April 2021.
Short-term trend turns bullish for live cattle futures.
Corn, soybeans and wheat mildly favored the downside during a relatively quiet overnight session to open the week.
Trudeau visits Trump in Florida | Farm bill extension | Disaster aid | Ag financial aid | FY 2025 CR | Farm income | Employment | GOP House majority razor thin
Grain and livestock markets ended the week with a mixed tone, with corn futures ending the week on a high note.
Dollar declines | Yen rallies | Gold up | Mexico’s president refutes Trump’s border closure claim
No grain trade overnight. Grain and livestock futures resume trade at 8:30 a.m. CT for an abbreviated session.
Soybeans led corrective strength overnight with corn following to the upside. Wheat fell under selling pressure, though buying efforts picked up into the break.
U.S. ag trade deficit surges to $45.5 billion | Mexico, China comments on Trump tariff threats