News
USDA says Trump’s executive order suspending phosphate duties could cut fertilizer prices by about 22%, saving U.S. farmers an estimated $1.82 billion annually across 97 million planted acres.
USDA updated acreage, quarterly grain stocks reports loom
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.
Wheat faced heavy selling overnight, giving up all of yesterday’s gain.
Grain markets heading into critical two-week trading period
Spotty thunderstorms in the Midwest and heavy rains in the Gulf Coast were the main precipitation events
Grains saw early gains overnight but turned lower going into the break.
Weather-market-scare window starting to close for corn market