Friday, January 17, 2020 2:24PM CST
One reason for optimism is recent progress on trade agreements, following a couple of years of tariffs and trade disputes. Further helping boost income, USDA will likely provide a third tranche of Market Facilitation Program (MFP) payments from the 2019 program, a FCSA senior vice president told farmers.
Friday, January 17, 2020 2:07PM CST
Senate passage of the United States-Mexico-Canada Agreement marked the second day in a row that President Donald Trump has been able to notch a significant trade victory for his administration. Given that Mexico has already approved the trade deal, getting the pact into implementation will now fall to Canada's government to ratify the agreement.
March corn is down 2 1/2 cents per bushel, March soybeans are down 3 3/4 cents, and March KC wheat is down 2 3/4 cents.
Traders come back to the complex Tuesday morning following strong Monday moves in beef and pork values as traders look to regain previous market weakness although trade early Tuesday is still expected to remain sluggish.