News
More layoffs at John Deere | Wheat market rally | Farm bill food policy issues | Spike in shipping rates and delays
Short-term trend shifts from bullish to neutral for corn.
Wheat futures rebounded from the poor finish last Friday by posting strong gains during the overnight session. Corn and soybeans followed to the upside.
Iran president missing | Israel in crisis | Fed’s Powell positive for Covid-19 | Food prices | Anti-dumping duties on 2,4-D imports from China, India
House bill favors production ag; Senate bill puts lid on food stamp/TFP, conservation and CCC program changes
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Text and other provisions released for proposed House farm bill
Reference prices | Crop insurance | Payment limits | Base acres | Trade promotion | CCC
Grain futures are expected to open with a firmer tone after gains overnight. Key will be whether overnight price strength is maintained during daytime trade.
Soybeans firmed to near their weekly highs overnight, while corn and wheat recouped some of their declines from the three previous days.