News
Trump announced yesterday that the United States is ending trade negotiations with Canada after the province of Ontario aired an advertisement featuring Ronald Reagan’s voice and remarks critical of tariffs.
Portions of the U.S. experiencing drought declined 2% this week
Soybeans continue to lead strength, which will be difficult to continue without participation from corn and wheat in the next couple days.
Frost/freezes in the Midwest
Dollar weakness has provided a cushion, but is a double-edge sword for U.S. farmers
The USDA is preparing to unlock more than $3 billion in assistance for American farmers that had been held up due to the shutdown. These funds — drawn from the Commodity Credit Corporation — were originally earmarked to help producers affected by plunging crop prices, soaring input costs and export disruptions tied to trade policies.
Corn, soybeans and wheat saw strength in the latter portion of the overnight session and went into the break trading higher.
Marketplace monitoring gold and silver price action
The senior senator from Iowa says the president ‘has to’ get an agreement made that will enable trade between China and the U.S. to resume.