News
Grains saw relative strength overnight though saw a modest increase of selling pressure going into the break.
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.
The livestock markets led strength today while the grain and soy complexes followed to the upside.
Frustrations with China appear to be rising.
Corn led strength overnight, posting impressive gains this morning, while soybeans and wheat followed to the upside.
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.