Pro Farmer
General market risk appetite is up after the U.S./UK trade deal and weekend talks with China.
Corn, soybean and most wheat prices are under year-ago.
Beef and ethanol prominently mentioned in the deal.
Price action across the agricultural markets was a bit of a mixed bag today.
Corn continues to fall under pressure, falling to the lowest intraday level since Dec. 6.
The live and feeder cattle futures bulls are keeping their foot on the gas amid strong cash market fundamentals.
This is the first bilateral trade deal announced since Trump began slapping tariffs on U.S. trading partners.
Soybeans led overnight strength as optimism surrounding this weekend’s talks between the U.S. and China lifted prices, while corn and wheat reluctantly followed to the upside.
Soybeans led a round of gains in the grain and soy complex overnight ahead of an expected trade deal with Britain and upcoming U.S., China talks.