Pro Farmer
Corn, soybeans and the winter wheat markets extended Wednesday’s strong gains during overnight trade.
Corn and bean basis remains much weaker than average.
Rumors Trump could report progress on a trade pact with China fueled strong gains in soybeans today.
Strength was featured in the ag complex today amid beneficial trade news.
Strength was seen across the grain and soy complexes today.
Cattle futures led strength today amid corrective buying.
Cash cattle prices continue to retreat after historic rally.
U.S. trade partners are also scrambling for trade deals as tariff deadline nears.
Soybeans saw relative strength overnight, supported by continued strength in soyoil.
Corn futures faced followthrough selling overnight, though remaining above Tuesday’s contract lows.
Concerns about U.S. agricultural exports were a leading factor in the weaker long-term sentiment.
The bill includes several key ag provisions but still faces a difficult path as House and Senate Republicans must agree on a unified version.
Farm bill showdown averted as Grassley tables amendment on farmer payment limits.
Corn and soybeans led weakness overnight as good crop conditions and a favorable forecast weighed heavily on prices.
Corn conditions unexpectedly improved to the highest rating for this time of year since 2018.