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Similar to House GOP farm bill features with a few differences; Key charts show Boozman’s vision
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Corn and wheat saw modest strength overnight while soybeans saw mild selling pressure. Wheat futures have closed lower for nine consecutive sessions, a break from that weakness could support corn and soy after the open.
Corn, soybeans and wheat held in tight trading ranges during light, two-sided overnight price action.
The corn and spring wheat CCIs slipped from their initial ratings, while the first rating for soybeans was strong.
Corn, soybean and wheat export inspections during the week ended June 6, each notched a weekly decline, with soybean inspections marking the greatest drop, down 130,215 MT from the previous week.
Wheat futures are sharply lower. Corn and soybeans are mostly steady to slightly higher. Live and feeder cattle futures are sharply higher with lean hogs under pressure to start the week...
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