Pro Farmer
Consolidation was featured across the grain and soy markets overnight following recent heavy selling pressure.
Passage of the bill is seen as a prerequisite for unlocking trade agreements with nations including India, Japan, and Vietnam, and for addressing issues such as digital taxes on U.S. businesses abroad.
Persistent selling continues across the grain and soy markets, with corn leading the way lower overnight, marking a fresh contract low.
Corn futures posted contract lows amid continued selling.
Powell resists pressure to cut interest rates as Fed remains data-dependent.
Senate GOP in scramble mode.
Wheat continues to lead weakness following last week’s peak, while corn and soybeans followed to the downside.