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 up 3 cents per bushel, March soybeans are down 1 1/4 cents, and March KC wheat is up 1 cent.
Following strong pressure through the last couple of days, traders are searching for market stability Friday morning as they prepare for a three-day weekend. The ability to regain limited to moderate market support through the session would go a long way in rekindling buyer interest early next week.