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SCOTUS upholds animal-welfare law approved by California’s voters in 2018

Calif. Prop 12 update | Rail safety bill | Refilling SPR | U.S./China officials talk | CRP

Wheat futures are expected to open solidly higher, with corn and soybeans likely to be mixed with a firmer tone. Pre-report positioning will be featured this morning ahead of USDA’s May crop reports.

Corrective buying supported corn, soybean and wheat futures ahead of USDA’s May crop reports later this morning.

The Federal Reserve Bank of Kansas City reports a 10% annual boost in farmland values.

Quarterly Federal Reserve Bank survey finds continuing gains in farmland prices, favorable credit conditions.

After the Bell | May 11, 2023

Major blow to pork and ag sector, but Kavanaugh dissent comments could mean further challenge ahead