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USDA Sec. Rollins scores big win as first tranche of paused funding released
Corn and soybean futures chopped around unchanged in quiet overnight trade while wheat firmed.
USDA honoring existing contracts totaling around $20 million for EQIP, CSP, ACEP
Cash corn prices rise and remain well above year-ago.
The Seasonal Drought Outlook calls for drought to develop or persist over the bulk of HRW wheat areas, while most of the Corn Belt will be drought-free.
Soybeans led overnight strength with corn following solidly to the upside. Wheat saw moderate strength.
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Corn, soybeans and wheat recouped some of Wednesday’s losses during the overnight session.