News
Fertilizer price swings from the Iran conflict and wet Corn Belt weather have traders on edge ahead of Tuesday’s 11 a.m. CT release. Grain stocks also in focus, with corn inventories expected to be highest since 1988.
Corn, soybeans and wheat each rose on corrective buying overnight.
Grain trading may be more subdued in coming days as traders await two key events
This afternoon, Senate Agriculture Committee Chairman John Boozman released a draft that aims to strengthen farm safety-net programs and rural development initiatives while avoiding the most controversial ag policy issues.
Grains saw a modest bounce following Monday’s losses but struggled to hold onto gains.
Another New World screwworm case in Texas
HRW rating declines, while SRW sees improvement
The region produced more wheat than anywhere else in the world last crop year