Search - Pro Farmer

Lawmaker proposes 60% tax on land purchases by U.S. adversaries

Corn and soybeans are expected to open higher on weather/crop concerns. Wheat is called mixed this morning.

Short-term trends turn bullish for soybeans, soyoil and oats.

Corn futures posted double-digit gains overnight amid increased weather/crop concerns. Soybeans also traded higher, while wheat was narrowly mixed.

Key to new farm bill timeline: whether additional funding is provided

After the Bell | June 9, 2023

Access this week’s newsletter here.

Winter wheat production was reported the average trade guess, due to a notable drop in estimated SRW wheat production from May. Meanwhile, U.S. carryover for corn and soybeans landed above pre-report estimates.

Given the mostly neutral data, focus will now be on weather and USDA’s Acreage and Quarterly Grain Stocks Reports at the end of the month.