News
Soybean futures led overnight price gains, though corn and wheat actively participated in the push to the upside.
Corn and soybean basis remains well above average.
CBO issues surprise re: SNAP changes | Xi involved in crackdown on statistical fraud
Grain and soy futures are expected to face heavy pressure after active followthrough selling during overnight trade.
Corn, soybeans and wheat actively extended Tuesday’s losses during overnight trade.
The initial CCI ratings came one week earlier than last year.
Weekly corn inspections were down slightly from the previous week but were near the top-end pre-report estimate of 1.4 MMT. Corn in Wheat and soybean inspections were each near the respective low-end ranges.
Corn, soybeans and wheat futures are under hefty pressure to start the week. Livestock futures are higher this morning...
Senate also has votes to clear package, but timeline could be delayed
Soybeans and wheat are expected to open sharply lower, with corn likely to trade lower on spillover pressure.
Beans and wheat faced heavy pressure coming out of the holiday weekend, while corn modestly favored the downside in mixed trade.
House rules meets Tuesday; House vote Wednesday; Senate to follow
Briefings ongoing as both sides seek enough votes to clear Congress this week
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Canada gains access to Taiwanese market, France to begin HPAI vaccination program and debt ceiling negotiations yielding progress...
SCOTUS on WOTUS: EPA reset | State action?