House and Senate negotiators have reached a deal on a 2018 farm bill. That agreement now awaits scoring from the Congressional Budget Office to make sure it meets fiscal constraints for farm bill funding.
Corn futures are facing technical resistance. The yellow grain market continued its general rally Tuesday in the wake of the US production cut indicated on the January 12 USDA reports, with talk of South African drought
The most significant policy issue of 2018 looms large over the outlook for the new year. Ag leaders of both parties say actions on trade in the first half of 2019 will decide agriculture’s fate for years to come.