News
Grains pressured overnight by generally favorable weather and strong risk aversion.
CBO scores House farm bill and there is a surprise regarding sugar policy
The grain and soy complexes marked short-covering gains to end the week, with support stemming from a plunging U.S. dollar.
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CBO report on House farm bill scoring will not please House Ag Chair Thompson
Soybeans led strength overnight with corn seeing modest gains as well. Wheat saw relative weakness most of the overnight session though rebounded into the break.
Corn and soybeans edged lower, though modest short-covering in wheat pulled both from session lows.
Wheat saw relative strength overnight while corn and soybeans saw modest selling pressure.