Evening Report
Post-report price action signals traders feel USDA’s corn yield projection of 181 bu. per acre will be increased when the agency releases its first survey-based estimate in August.
Traders gearing up for potentially market-moving reports on Monday
Export taxes are set to revert back to pre-cut levels on July 1.
USDA keeps food price outlook unchanged.
Powell resists pressure to cut interest rates as Fed remains data-dependent.
Corn and spring wheat conditions unexpectedly decline, soybean ratings unchanged.
A lot of court activity on biofuels, tariffs and EV mandates to close out the week.
The pace and timing of anticipated rate cuts will be determined by inflation readings, tariffs policy and geopolitics.
A look at diesel, fertilizer risks from Middle East tensions.
Soybean conditions unexpectedly decline.
Both events triggered significant market moves.