Friday, December 15, 2017 4:21PM CST
A proposal by Sen. Ted Cruz, R-Texas, to essentially cap prices for renewable identification number credits at 10 cents apiece spurred major players in both the biofuels and commodity crops industries to send a letter Friday to President Donald Trump stating the senator's plan would undercut the RFS in rural America.
Friday, December 15, 2017 4:20PM CST
A broad array of agricultural groups sent a letter to Congress calling for more funding for USDA and FDA programs in the 2018 funding bill. Congress is still working on the bill, which likely will be delayed until at least mid-January before a final spending bill is approved.
March corn was fractionally higher, January soybeans were 3 cents higher, and March Chicago (SRW) wheat was fractionally higher.
Live and feeder contracts should open on a mixed basis as players position ahead of cash news. Lean hog issues are likely to begin with uneven prices action tied to a combination of follow-through buying and late week profit-taking.