Pro Farmer
Cattle futures saw strength today, shaking off recent selling pressure.
Cash soybeans remain well below last year.
Only four years since 1980 have not had a summer soybean rally.
Corn and soybeans opened higher overnight but struggled to hold onto gains, while wheat saw relative strength overnight.
Trump can offset tariff ruling with other tools.
The U.S. Court of International Trade ruled President Trump’s ‘Liberation Day’ tariffs imposed under the International Emergency Economic Powers Act were unlawful.
Cash cattle prices have posted a record high for five consecutive weeks.
CRF cuts Canadian wheat production potential amid deteriorating soil moisture.
