News
Two-sided directionless trade is expected in the grain and soy markets to start daytime trade, though outside markets are price-negative.
Corn and soybeans are expected to open mildly weaker, while wheat is likely to see a mixed tone.
Debt-related budget cuts ahead for farm programs, other entitlements, but timeline unclear
Corn, soybeans and SRW wheat faced light followthrough selling during overnight trade, while HRW and HRS wheat mildly rebounded.
Increased cost of TFP alone greater than all other farm program spending combined
Farm diesel price falls to the lowest in nearly a year.
Cash hog prices firmed again this week as the seasonal rally is gradually underway.
U.S. retail sales surge way above expectations
Ukraine accuses Russia of delaying grain inspections, dray areas of Brazil weigh on crop prospects and India steps up soymeal exports...
We expect price pressure seen in corn, soybeans and winter wheat to carry over to the start of daytime trade.