News
The Aug. 1 implementation date will allow countries a little more time to get deals secured before tariffs officially increase.
Favorable weather, trade uncertainty and weakening cash livestock fundamentals will weigh on futures to open the week.
Favorable weather triggered an active round of selling in grains to kick off trade after the holiday weekend.
Speculation continues to swirl Trump’s Thursday night visit to Des Moines could result in news of purchase agreements for corn and beans with China or a delay in the July 9 deadline for increasing tariffs.
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Corn and soybeans saw followthrough gains overnight, challenging the recent downtrends.
Corn, soybeans and the winter wheat markets extended Wednesday’s strong gains during overnight trade.
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.
Corn conditions unexpectedly improved to the highest rating for this time of year since 2018.
