News
Soybean futures took back Monday’s gains, while corn ended the session modestly weaker amid mixed outside markets, though firming wheat prices lent support.
Weekly corn inspections during the week ended Aug. 1 totaled 1.2 MMT, up 143,000 MT from the previous week and topping analysts’ pre-report expectations.
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