Friday, March 23, 2018 12:03PM CDT
The omnibus funding package released Wednesday provides regulatory relief on several fronts, while offering some major funding boosts for USDA programs, ranging from a new broadband pilot to more conservation investments. It also tackles the so-called "grain glitch."
Friday, March 23, 2018 12:01PM CDT
The first barge has yet to make its way through Lake Pepin to get to St. Paul, Minnesota, because the ice in the middle of the lake was still too thick on March 14, 2018, to allow tows to pass through.
May corn was 5 cents lower, May soybeans were 13 cents lower, and July Kansas City (HRW) wheat was 4 cents lower.
Expect lean hog futures to open significantly lower Friday, pressured by retaliatory tariffs assessed on U.S. pork by China. Cattle contracts should open moderately higher, supported by more short-covering and corrective buying tied to oversold charts.