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Vilsack comments on key farm bill issues and updates on climate smart programs for ag
The Seasonal Drought Outlook calls for drought conditions to develop from southeastern Iowa and northeastern Missouri across the northern two-thirds of Illinois and most of Indiana and Ohio through September.
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Corn, soybeans and wheat each saw selling pressure overnight, negating a portion of the gains seen Tuesday in corn and beans.
Stabenow uses CBO updates to make her farm bill case
Corn, soybean and wheat futures faced price pressure during overnight trade coming off Wednesday’s holiday.
Wheat basis continues to firm amid plunging cash prices.
Bird flu | CBO | Immigration program change | Intense heat wave | U.S./Mexico and GMO corn
Corn and soybeans saw corrective gains overnight while wheat futures continued to fall under pressure. Each saw an increase in buying interest into the break.
Corn and soybean futures were supported by light corrective buying overnight, while wheat futures posted mixed trade.
All three crops remain rated well above year-ago at this time.
Soybeans inspected for export during the week ended June 13 rose 100,000 MT from the previous week, while wheat inspections rose modestly. Meanwhile, corn inspections were notable, but fell 54,000 MT on the week.
Wheat and soybean futures are sharply lower to open the week, pulling corn prices mildly lower. Livestock futures are mostly higher...
Short-term trends turn bullish for cattle futures, bearish for wheat.
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Soybeans and wheat led overnight weakness, each marking fresh six-week lows. Corn saw selling pressure as well but held up better than the former two.