Thursday, July 27, 2017 11:23AM CDT
Representatives from commodity groups, general farm organizations, crop insurance and credit were unified in their defense of crop insurance. They also sought to increase loan limits at USDA for farmers who are having a hard time finding credit.
December corn was 1 cent higher, November soybeans were 4 cents higher, and September Chicago (SRW) wheat was 5 cents higher.
Look for hog futures to open under pressure thanks to long liquidation and lower carcass value. On the other hand, the cattle complex should open on a mixed basis thanks to residual buying and long liquidation.