News
Scattered showers, thunderstorms in Midwest next couple days
Spencer and Davis go over the news while Hillari dives into farmers reluctance in selling crops.
corn futures are fractionally mixed, soybeans are around 3 cents higher with wheat futures a few cents lower. Cattle futures are higher with lean hogs under moderate pressure...
On Friday, President Trump unveiled plans to levy 100% tariffs on all Chinese imports beginning November 1 and tighten export controls on advanced software.
Soybeans saw corrective buying overnight while grains were steady to modestly lower, led by weakness in the winter wheat markets.
U.S. attempting to ratchet down high trade tensions with China
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Thanks to the ongoing U.S. government shutdown, vital agricultural reports and export data have been suspended — leaving farmers and markets flying blind during harvest season.
Corn, soybeans and wheat each favored the downside in overnight trade despite comments yesterday that Trump predicted China would resume U.S. ag purchases.
U.S.-China trade tensions heating up
Most cattle classes tracked saw slight declines
Trading volume declined significantly during the last shutdown
Yesterday, Governor Gavin Newsom signed a bill that bans ultra-processed foods from the public school system, making California the first state to do so.
Wheat saw relative strength overnight, soybeans gave up a portion of recent gains and corn continues to trend sideways.
Abnormal dryness up 3% from a week ago
Grain futures prices mixed in overnight trading