Pro Farmer
Tax and farm bill provisions being debated.
July soybean futures reached their highest level since Feb. 11 during overnight trade.
Consumer food prices declined 0.1% from March to stand 2.8% above last year.
Soybeans consolidated from Monday’s surge higher overnight while grains continue to show relative weakness.
Wheat futures fell to contract lows overnight.
Portion of $290B in nutrition savings redirected to boost commodity and crop programs.