News
Corn, soybeans and wheat traded on both sides of unchanged while holding in tight trading ranges overnight.
Rural Mainstreet Index slips deeper into the red.
Monthly Rural Mainstreet Index finds record low banker pessimism.
Kansas City Federal Reserve highlights district ag credit conditions.
Basis firmed for corn, soybeans and SRW wheat.
Policymakers dial back rate cut expectations.
Market focus will remain on U.S. and global weather as traders await acreage and grain stocks data at the end of June.
USDA pegged winter wheat production at 1.875 billion bu., just below expectations along with new-crop wheat U.S. ending stocks. However, U.S. and global corn and soybean ending stocks were above pre-report estimates.
In May CPI, food prices showed mixed trend