News
NSAC report saying billions of dollars in savings from means testing crop insurance brings negative reaction
Corn futures more than wiped out Monday’s gains overnight, while soybeans and wheat gave back a portion of yesterday’s price strength.
The spring wheat CCI rating rose to its highest of the growing season.
Soybeans rally to highest close in a week on Midwest heat concerns; wheat up sharply in corrective bounce.
Export Inspections for week ended July 14, were within the range of estimates for corn and soybeans, while wheat fell shy of what was expected.
Grain and soy futures are sharply higher to start the week. Livestock futures are also sharply higher.
Corn, soybean futures expected higher with hot week ahead for Midwest; wheat up from five-month lows.
Short-term chart trends mostly unchanged from the previous week.
Biden and his team don’t get capping price of Russian oil, nor Saudi boost in oil production
Corn, soybeans and wheat all traded solidly higher overnight amid a round of corrective buying.
Reconciliation measure update | House farm bill hearing | FY 2023 Ag appropriations