News
Barring a change in weather pattern, grain markets will need another source of support for an extended price recovery.
Corn and bean basis remains much weaker than average.
Strength was featured in the ag complex today amid beneficial trade news.
Cash cattle prices continue to retreat after historic rally.
U.S. trade partners are also scrambling for trade deals as tariff deadline nears.
Soybeans saw relative strength overnight, supported by continued strength in soyoil.
Corn futures faced followthrough selling overnight, though remaining above Tuesday’s contract lows.
Concerns about U.S. agricultural exports were a leading factor in the weaker long-term sentiment.
Farm bill showdown averted as Grassley tables amendment on farmer payment limits.
Corn and soybeans led weakness overnight as good crop conditions and a favorable forecast weighed heavily on prices.