World Perspectives

Skinny Farm Bill Left to Finish

President Trump said yesterday that the U.S. is nearing several new trade deals and that letters will be sent to trading partners by 9 July warning of increased tariffs set to take effect on 1 August. That announcement effectively extends the administration’s trade deadline from this week to 1 August, giving more time to finalize agreements. Meanwhile, the One Big Beautiful Bill, aka the reconciliation package, passed the House of Representatives by a vote of 216 to 214 accomplishing many Trump objectives, including some from the farm bill. Those include cuts to SNAP and some rolling back of bioenergy tax credits. The Senate Appropriations Committee will be marking up the USDA and FDA appropriations bill on Thursday. The House Appropr...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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Although the soy complex and wheat opened lower, there was confidence in the corn number and by late morning most major contracts were in the green, aided by shorts that were selling at the end of the month to book profits. December HRS printed a new contract low today. There was high volume tr...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2025/bushel, up $0.1025 from yesterday's close.  Dec 25 Wheat closed at $5.3425/bushel, up $0.0525 from yesterday's close.  Nov 25 Soybeans closed at $10.545/bushel, up $0.065 from yesterday's close.  Dec 25 Soymeal closed at $289/short ton, up $1.7 from...

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