Pro Farmer
Half of Fed districts report farm-sector weakness amid broader economic easing.
Traders’ focus is split between trade happenings, weather and geopolitics.
Soybeans basis also firmed over the past week.
British PM signals implemented trade deal soon, talks with EU show progress.
The livestock markets led strength today while the grain and soy complexes followed to the upside.
Gains were seen across the grain and soy complex today.
Gains were seen in both the cattle and hog markets today.
Frustrations with China appear to be rising.
Corn led strength overnight, posting impressive gains this morning, while soybeans and wheat followed to the upside.
Ag part of trade deals that could be announced ‘soon.’
The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday.
Farmers noted a more optimistic view of U.S. ag export prospects, combined with a less negative view of tariffs’ impact on 2025 farm income.
Corn, soybeans and wheat each traded lower in the overnight session but have since rebounded and traded higher into the break.
Wheat slumps amid improvement in crop conditions.
Corn, soybean and spring wheat CCIs all well below year-ago.