News
Iowa was the only state in the Farm Credit Services report to experience a decline in farmland values.
Grain and livestock markets are lower to start the week with a sharp falloff in feeder cattle futures leading the
Corn, soybeans and wheat each saw selling pressure though stayed above recent lows.
Traders starting to signal need for emergency Fed meeting to lower rates
Grains pressured overnight by generally favorable weather and strong risk aversion.
CBO scores House farm bill and there is a surprise regarding sugar policy
The grain and soy complexes marked short-covering gains to end the week, with support stemming from a plunging U.S. dollar.
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CBO report on House farm bill scoring will not please House Ag Chair Thompson
Soybeans led strength overnight with corn seeing modest gains as well. Wheat saw relative weakness most of the overnight session though rebounded into the break.