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Is chatter about new farm bill talks just that?
Soybeans led the way lower overnight, pulling corn futures modestly lower. Wheat saw relative strength though went into the break off session highs.
Soybeans and wheat posted mild gains during the overnight session, while corn held near unchanged.
The Seasonal Drought Outlook calls for broad continuation or expansion of drought for most winter wheat areas.
Fed cut helps soft landing odds | New farm bill | FY 2025 funding | Tyson Foods sued for greenwashing
Wheat saw relative weakness overnight, pulling both corn and beans lower for most of the overnight session. Soybeans surged higher this morning and went into the break near session highs.
Soybean sales notably topped pre-report expectations for the week ended Sept. 12, while wheat sales were short of analysts’ pre-report range.
Corn, soybeans and wheat briefly traded higher early in the overnight session but have weakened and are near their lows early this morning.
Corn basis dropped as harvest picked up but soybean basis firmed.
Fed Chairman Jerome Powell described the move a ‘recalibration’ while some others said the Fed was playing catch-up
A look at how India restricts U.S. soy products
Soybeans led strength overnight, surging higher and pulling both corn and beans modestly higher as well.
Soybean futures posted double-digit gains overnight, while corn and wheat traded modestly higher.
U.S. budget deficit on track to hit $1.9 trillion as fiscal warnings go unheeded