News
Potential quiet end to the week comes after earlier volatile price action.
Bankers Note weakening financial conditions.
Chicago Federal Reserve Bank Also Finds 4% Quarterly Gain.
Creighton’s monthly survey finds growing pessimism.
Weakness was featured in cattle and beans while grains have begun to show more resilient strength.
The Seasonal Drought Outlook calls for drought to persist or develop across the much of the western Corn Belt and Plains through August.
Soy stocks historically come in tighter than estimated.
Wheat continues to lead strength. Old-crop corn saw impressive strength this morning following higher than expected export sales.
Limit-down trade in soyoil tied to concerns the renewable diesel target for next year may be lower than expected and sharply lower trade in crude oil.
Package was approved in a party-line vote of 29-25.
Corn basis improved but remains much weaker than average.
Annual Iowa State survey reports state average of $271 an acre.
Grains continue to lead weakness while soybeans see relative strength.v
Tax and farm bill provisions being debated.
July soybean futures reached their highest level since Feb. 11 during overnight trade.
Soybeans consolidated from Monday’s surge higher overnight while grains continue to show relative weakness.
Wheat futures fell to contract lows overnight.
Portion of $290B in nutrition savings redirected to boost commodity and crop programs.