Wheat and corn were lower overnight, and the soy complex was firm. The weakness in wheat was caused by a bigger-than-expected fund long position coupled with a chance for rain in eastern Australia. Soybeans were firm on continued trade optimism. Corn was confused over whether to follow wheat or soybeans, and it chose wheat. Funds were sellers of corn and wheat but light buyers of soybeans. The Pro Farmer corn and soybean tour began today. Early reports were widely scattered but generally good. U.S. equity markets were firm today as was crude oil.
Corn FUTURES Sharp losses in the wheat markets coupled with some weekend rain across parts of the western Corn Belt held the corn market steady to lower today. Weekly export in...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
