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Hurdles ahead, but go-it-alone Dems want it bad
Funding issues stall talks on physical infrastructure measure
Weather will be the focal point next week as heat is expected to build, especially in the northwestern Corn Belt, where extreme temps are likely. Wheat has taken on a rare summer leadership role.
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Social Security benefits COLA likely to be largest in decade | Billions paid in child tax credits
Spring wheat futures exploded overnight amid U.S. and Canadian crop woes. USDA announced a daily SRW sale to China this morning.
Extreme heat coming for spring wheat country. Brazil’s corn contract washouts could be the highest since 2016. Xi raises food security to national security concern. Germany confirms its first cases of ASF in farm pigs.
Some profit-taking moved into the corn and soybean markets, while spring wheat continues to rally, pulling winter wheat futures higher in the process. Cattle and hog futures saw a choppy day of trade.
The data signals USDA is likely too high with its soy crush forecast.