News
House passes debt ceiling bill, Ukraine grain and oilseed production projected lower and China’s small factory activity rises...
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