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Text and other provisions released for proposed House farm bill
Reference prices | Crop insurance | Payment limits | Base acres | Trade promotion | CCC
Grain futures are expected to open with a firmer tone after gains overnight. Key will be whether overnight price strength is maintained during daytime trade.
Soybeans firmed to near their weekly highs overnight, while corn and wheat recouped some of their declines from the three previous days.
Big increases for Democratic priorities of conservation and nutrition
RMI registers negative for ninth consecutive month.
Sluggish sales of U.S. ag goods to China persist | Xi, Putin scold U.S. | Deere | Walmart | Biden asserts executive privilege over Hur audio files
During the week ended May 9, weekly pork sales totaled 21,100 MT, a marketing-year low, while soybean sales missed the pre-report range of estimates, falling 38% from the previous week. Weekly corn sales dropped 17%.
Drought covers 25% of winter wheat areas, 12% for corn and 9% for soybeans.
Wheat futures led resurgent strength across the grain and soy markets overnight.
Wheat rebounded from yesterday’s losses overnight, pulling corn and soybean futures modestly higher.
Basis weakened slightly for corn, soybeans and wheat.
Copper surge | IEA cuts 2024 global oil demand growth | Presidential debates | New farm bill
Corn, soybeans and wheat each rebounded from Tuesday’s selling pressure, with wheat leading the way higher overnight.
Corn, soybeans and wheat rebounded from Tuesday’s losses during the overnight session, led by gains in wheat.