Wednesday, September 30, 2020 12:24PM CDT
Leaders from USDA and the U.S. Trade Representative's Office speaking at a conference Monday sounded alarms about Europe's Farm-to-Fork strategy, which they see Europe pushing to impose on other countries. The plan may focus on reducing agriculture's environmental footprint, but it threatens technology and innovation as well.
December corn is down 2 cents per bushel, November soybeans are down 3 cents, and December KC wheat is up 4 1/2 cents.
Strong gains Tuesday in cattle futures opens the door for additional but strong spillover buying to develop Wednesday. Traders are also focused on end of the month and quarter positioning, which will break away from typical fundamental market moves.