Tuesday, May 23, 2017 2:48PM CDT
The Trump administration is proposing dramatic cuts to the farm safety net in the president's first budget plan being delivered to Capitol Hill on Tuesday. The plan calls for tighter caps and means testing for crop insurance subsidies and eligibility for commodity programs.
Tuesday, May 23, 2017 2:39PM CDT
The House Committee on Rules may consider amendments to a bill that would eliminate a permit requirement for pesticide residues from pesticide applications, so long as such products are used according to federal law.
July corn was down 1/4 cent, July soybeans were up 1/4 cent, and July Chicago wheat was down 1 1/4 cents.
Hog futures seem set to open at midweek with at least moderate strength, supported by follow-through buying and appreciating carcass value. On the other hand, the cattle complex should open lower, pressured by residual selling interest and lower cutouts.