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USDA revises forecast for farm income in 2024, projecting far less severe decline than anticipated, but figures show need for new farm bill
Corn traded narrowly near unchanged most of the overnight session before climbing higher into the break, soybeans favored the downside but firmed this morning, wheat saw relative weakness.
New crop corn sales exceeded pre-report expectations by more than 400,000 MT during the week ended Aug. 29, while soybean sales were also notable at 1.66 MMT.
Corn, soybeans and wheat are mildly weaker this morning after two-sided trade earlier in the overnight session.
Corn, soybeans and wheat each favored the downside in overnight trade.