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Passage of the bill is seen as a prerequisite for unlocking trade agreements with nations including India, Japan, and Vietnam, and for addressing issues such as digital taxes on U.S. businesses abroad.
Persistent selling continues across the grain and soy markets, with corn leading the way lower overnight, marking a fresh contract low.
Corn futures posted contract lows amid continued selling.
Senate GOP in scramble mode.
Wheat continues to lead weakness following last week’s peak, while corn and soybeans followed to the downside.
Oil prices extended Monday’s sharp retreat as fears of supply disruptions from the Middle East conflict eased.
The corn and spring wheat crops ended multiple weeks of improvement.
