Pro Farmer
Wheat continues to see relative weakness, though prices continue to trade within last Friday’s range.
Funds have been buyers across the ag complex, holding near record length in several products.
Corn, soybeans and wheat each traded in relatively tight ranges overnight following Monday’s big price swings.
State-of-the-Union address tonight
In a landmark ruling released Friday, the U.S. Supreme Court determined that President Donald Trump overstepped his legal authority by imposing broad tariffs under national emergency laws.
After a dry, unusually warm January, key Western river basins are in severe snow drought. With irrigation allocations at 0%, one Colorado producer warns tough planting decisions could reshape this year’s crop mix.