Your Pro Farmer newsletter (Sept. 21, 2024) is now available

Corn and wheat futures were unable to build on their corrective gains the previous week, signaling any extended move higher is going to be met with resistance. Soybeans were choppy. While there are increased global wheat supply concerns, the market will need a regular dose of bullish news to fuel sustained buying. In Washington, lawmakers are struggling to finalize a continuing resolution to avoid a partial government shutdown after Sept. 30, when the new fiscal year begins. The push for a new farm bill also continues, though there won’t be movement until the funding issue is resolved. The Fed kicked off its monetary policy easing with a 50-basis-point cut to short-term interest rates and signaled more reductions are coming. Key for agriculture will be how that impacts the U.S. dollar. The greenback initially dropped, though pressure wasn’t sustained. Our News page 4 feature takes a look at U.S. trade issues with key trading partners India, China, Brazil and Mexico that are frustrating U.S. farmers and farm-state lawmakers. We cover all of these items and much more in this week’s newsletter, which you can download here.