News
Congress returns | Biden’s fate | FY 2025 appropriations | New farm bill | USDA reports | Inflation reports | Fed chair testimony | U.S. beef, pork exports
Rep. Angie Craig latest to urge Biden to end his 2024 re-election bid
Corn, soybeans and wheat each posted strong gains to end the week while livestock markets ended the day mixed in light volume trade.
Power shift: Labour Party boots Conservatives in landmark UK election | Big day for Biden
No overnight grain trade. Grain and livestock markets resume trading at 8:30 a.m. CT.
Food prices worrying central banks | Another $2.3 billion in military aid package for Ukraine
Corn and wheat favored the downside overnight while soybeans showed relative strength.
Soybeans firmer, wheat mixed and corn firmer early this morning.
The livestock markets rebounded from Monday’s losses today. Corn and soybeans saw modest gains but closed off session highs. Wheat and cotton continue to face selling pressure.
Proposed rule expected to face opposition from some business and industry associations
Deere lays off another 600 | SAF woes continue | EPA on RFS | Mexico and GMO corn | FMMOs
Soybeans led the way higher overnight with corn following to the upside, while wheat saw relative weakness.
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Impact: Could affect hundreds of Jan. 6 prosecutions | Trump Case: Impact unclear, Special Counsel says charges likely unaffected | DOJ Response: Limited impact, most of 1,400+ Jan. 6 defendants unaffected
Corn plantings and June 1 stocks topped expectations.
USDA raised its estimate for corn acreage by nearly 1.5 million from the end of March, while soybean acres were lowered 400,000. Meanwhile, corn, soybean and wheat June 1 stocks were each above pre-report estimates.