News
Only minor adjustments expected in today’s S&D Report, President Biden hopes to “finish the job,” and feedlots may capture upper hand in cash cattle negotiations...
The mostly firmer tone overnight is expected to carry over to daytime trade as traders await USDA’s reports later this morning.
USDA WASDE today | Brazil crop estimates | Ukraine grain exports fall sharply
Grain and soy futures traded solidly higher overnight, led by old-crop soybeans.
Speech could have been titled “Let’s Finish the Job” because he kept repeating the refrain
USDA forecasts net farm income will decline $25.9 billion (15.9%) from last year to $136.9 billion, driven partly by an expected $5.4 billion (34.4%) drop in direct government payments.
CFTC delays report after cyber attack, Mexico looks to avoid USMCA dispute and President Biden says downing the Chinese balloon has not hurt relations with China...
Economists offer alternative plan for ag disaster program | Biden SOTU and ag sector
Farmer sentiment was up 11 points (9%) from year in January, according to the Purdue University/CME Group Ag Economy Barometer.