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Corn and soybean basis remained positive but slightly below average for this time of year.

The underlying data was bullish as the U.S. cattle herd contracted further — and will continue to do so.

After the Bell | January 31, 2024

Updates on border security, tax package measures

Pushback is evident as ag stakeholders await next steps in long farm bill process

Corn, soybeans and wheat each saw renewed selling pressure following Tuesday’s corrective gains, with wheat futures leading the way lower.

Corn, soybeans and wheat pulled back from Tuesday’s strong corrective gains during overnight trade.

After the Bell | January 30, 2024