Wednesday, March 21, 2018 6:57AM CDT
The National Ag Day celebration is generally full of speeches filled with platitudes about farmers, but a proclamation and speech by Vice President Mike Pence elevated this year's event on Tuesday. Still, there are also several major agricultural issues hanging in the balance this week in Washington, as well, which were addressed by Agriculture Secretary Sonny Perdue.
May corn was fractionally lower, May soybeans were 5 cents higher, and July Kansas City (HRW) wheat was fractionally lower.
Look for the cattle complex to open on a mixed basis thanks to follow-through selling and midweek short-covering. Lean hog contracts should also open with uneven price action tied with nearbys and is probably better supported than deferreds.